Walgreens 2985 Crooks Rd 14,820 SF Retail Building Rochester Hills, MI 48309 $4,035,714 ($272.32/SF) 8.40% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property located within the Detroit MSA in Rochester Hills, Michigan. Walgreens has been successfully operating at this location since 2005 and recently extended the lease through July 2035, demonstrating commitment. Walgreens has nine 5-year renewal options remaining. The lease is absolute triple net and features no landlord responsibilities.
The 14,820 square-foot building is positioned at a signalized intersection with 52,000 vehicles per day, enhanced by its proximity to State Highway 59 (103,000 VPD). The surrounding affluent community boasts an average household income exceeding $150,000, with a population of 185,000 within a five-mile radius. The property is minutes from major employers, including Stellantis North America (Headquarters), Volkswagen Group, FANUC America, and BorgWarner. It is also less than five miles from Oakland University (15,000 students) and Oakland Community College (13,000 students). Nearby retailers include Target, Meijer, Lowe’s, Walmart, Kroger, Tractor Supply Company, Kohl’s, Petco, T.J. Maxx, Bath & Body Works, Old Navy, and Harbor Freight.
Walgreens is a leading American retail pharmacy chain founded in 1901 by Charles R. Walgreen in Chicago, Illinois, where it continues to maintain its headquarters. Operating nearly 8,500 stores across the United States, Walgreens serves approximately 9 million customers and patients daily, offering prescription medications, health and wellness products, and general merchandise. The company has a storied history of nearly 125 years, evolving from a single drugstore to a cornerstone of American healthcare and retail. On August 28, 2025, Walgreens Boots Alliance, Inc. was acquired by New York-based private equity firm Sycamore Partners in a $10 billion deal.