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Walgreens 31415 Ford Rd 14,560 SF Retail Building Garden City, MI 48135 $5,288,889 ($363.25/SF) 9% Cap Rate
Investment Highlights
- LONG TERM LEASE
- INVESTMENT GRADE CREDIT
- OUTSTANDING TRAFFIC COUNTS
- ZERO MANAGEMENT RESPONSIBILITIES
- STRATEGIC LOCATION
- STRONG DEMOGRAPHICS
Executive Summary
The Property is situated at the signalized intersection of Merriman Road and Ford Road (MI Route 153), the area’s primary commercial and commuter corridor connecting downtown Detroit (14 miles to the east) and Ann Arbor (18 miles to the west). The Property benefits from excellent visibility and frontage as well as two points of access. The Property is located in the center of a strong trade area with numerous national and local retailers and restaurants, businesses, and several area schools that drive traffic to the area. The trade area is surrounded by densely populated residential neighborhoods, providing a strong consumer base. Garden City is 10 miles west of Detroit and is part of the Detroit MSA.
Property Facts
Amenities
- Bus Line
- Signage
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Jan 2030
Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Jan 2030 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 35-020-01-0768-300 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $917,200 |
Property Taxes
Presented by
Walgreens | 31415 Ford Rd
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