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Walgreens - Lyon Township, MI 22318 Pontiac Trl 14,820 SF Retail Building South Lyon, MI 48178 $4,800,000 ($323.89/SF) 8.50% Cap Rate
Investment Highlights
- Leased directly to Walgreens (NASDAQ: WBA) under a true Absolute Triple Net (NNN) structure, offering investors zero landlord responsibilities.
- Long-standing store (18 years) with continued tenant performance and presence, demonstrating ongoing commitment to the South Lyon market.
- Positioned near top-performing retailers such as Meijer, CVS, McDonald’s, Kroger, and Dollar Tree, creating cross-traffic.
- Backed by Walgreens Boots Alliance, a Fortune 500 company with over 8,500 locations nationwide.
- Strategically located along Pontiac Trail, a key commuter and commercial corridor with strong daily traffic volumes.
- Over 44,000 residents within a 5-mile radius and an average household income exceeding $120,000, supporting high demand for daily needs retail.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 14,820 SF Walgreens located at 22318 Pontiac Trail in South Lyon, MI. This deal is leased directly to Walgreens (NASDAQ: WBA) under a true Absolute Triple Net (NNN) Lease structure, offering investors zero landlord responsibilities and fully passive income.
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
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
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,820 SF
Building Class
B
Year Built
2008
Price
$4,800,000
Price Per SF
$323.89
Cap Rate
8.50%
NOI
$408,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.97 AC
Zoning
BI
Parking
56 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
126’ on Pontiac Trail
Amenities
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Walgreens
- Health Care and Social Assistance
- 14,820 SF
- $27.53
- Jan 2033
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Walgreens | Health Care and Social Assistance | 14,820 SF | $27.53 | Jan 2033 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 21-32-100-066 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,334,850 |
Property Taxes
Parcel Number
21-32-100-066
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,334,850
Contacts
-
Tyler McGarry -
Adam Scherr -
Chase Martino -
Sands Investment Group Santa Monica, LLC
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Walgreens - Lyon Township, MI | 22318 Pontiac Trl
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