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Walgreens 25015 Little Mack Ave 14,560 SF Retail Building Saint Clair Shores, MI 48080 $7,365,000 ($505.84/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guarantee – Long-Term Lease Backed by Walgreens
- Attractive Financing – Assumable CMBS Loan at 3.295% Interest-Only, Enhancing Cash Flow
- Robust Demographics – Dense Population and Solid Household Income within a 3-5 Mile Radius
- Net Operating Income (NOI) of $460,267
- Prime Location – Freestanding Building Positioned on a Signalized Hard Corner with Excellent Visibility
EXECUTIVE SUMMARY
• Absolute NNN Lease – No Landlord Responsibilities, Offering True Passive Income
• Corporate Guarantee – Long-Term Lease Backed by Walgreens
• Net Operating Income (NOI) of $460,267
• Attractive Financing – Assumable CMBS Loan at 3.295% Interest-Only, Enhancing Cash Flow
• Prime Location – Freestanding Building Positioned on a Signalized Hard Corner with Excellent Visibility
• Robust Demographics – Dense Population and Solid Household Income within a 3-5 Mile Radius
• Corporate Guarantee – Long-Term Lease Backed by Walgreens
• Net Operating Income (NOI) of $460,267
• Attractive Financing – Assumable CMBS Loan at 3.295% Interest-Only, Enhancing Cash Flow
• Prime Location – Freestanding Building Positioned on a Signalized Hard Corner with Excellent Visibility
• Robust Demographics – Dense Population and Solid Household Income within a 3-5 Mile Radius
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,560 SF
Building Class
C
Year Built
2004
Price
$7,365,000
Price Per SF
$505.84
Cap Rate
6.25%
NOI
$460,313
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
1.34 AC
Zoning
B-2 - Community Business
Parking
54 Spaces (4.24 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-14-28-228-058 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,003,700 |
PROPERTY TAXES
Parcel Number
09-14-28-228-058
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,003,700
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Walgreens | 25015 Little Mack Ave
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