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Walgreens - South Lyon, MI 22318 Pontiac Trl 14,820 SF Retail Building South Lyon, MI 48178 $5,100,000 ($344.13/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease Through February 2033 - Leased Directly to Walgreens (NASDAQ: WBA) Under a True Absolute Triple Net Structure
- Established Performing Location - Long-standing store (18 Years) With Continued Tenant Performance and Presence
- Thriving Retail Corridor - Positioned Near Top-Performing Retailers Such as Meijer, CVS, McDonald’s, Kroger, and Dollar Tree, Creating Cross-Traffic
- Corporate Guarantee - Backed By Walgreens Boots Alliance, a Fortune 500 Company With Over 8,500 Locations Nationwide
- Highly Visible South Lyon Site - Strategically Located Along Pontiac Trail, a Key Commuter and Commercial Corridor With Strong Daily Traffic Volumes
- Dense and Affluent Suburban Demographics - Over 44,000 Residents Within a 5-Mile Radius and an Average Household Income Exceeding $120,000
EXECUTIVE SUMMARY
IN COOPERATION WITH: Sands Investment Group Michigan, LLC - Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman - MI Lic. # 6502424113
PROPERTY FACTS
AMENITIES
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 14,820 SF
- $27.53
- Triple Net
- Jan 2033
Walgreens, founded by Charles Rudolph Walgreen in 1901 in Chicago, is a major U.S. pharmacy and retail chain operating under the publicly traded parent, Walgreens Boots Alliance (NASDAQ: WBA). Headquartered in Deerfield, Illinois, it provides prescription services, health and wellness products, photo services, and expanded healthcare offerings including immunizations and diagnostic screenings. As of late 2025, the company operated thousands of retail locations across the United States and Puerto Rico, serving roughly 78% of Americans within five miles of a store. Walgreens maintains omnichannel operations—blending in-store, online, drive-thru, and home delivery services—and has strategic healthcare partnerships, notably with VillageMD. Under the direction of new CEO Mike Motz, following the August 2025 purchase by Sycamore Partners, Walgreens continues to emphasize core pharmacy execution, digital innovation, and integrated care solutions.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 14,820 SF | $27.53 | Triple Net | Jan 2033 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-32-100-066 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,282,050 |
PROPERTY TAXES
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Walgreens - South Lyon, MI | 22318 Pontiac Trl
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