20030 Ecorse Rd - Drug Store FOR SALE


Taylor, MI 48180
$2,200,000 USD
248-702-0288
20030 Ecorse Rd, Taylor, MI for Sale
$2,200,000 USD
Drug Store - FOR SALE
1/8
null | 6.23% Cap Rate

20030 Ecorse Rd
Taylor, MI 48180


HIGHLIGHTS

  • Rare $9.45 Rent PSF. Lowest Rent Walgreens Available in Wayne County Michigan - 1%+/- Rent to Sales Ratio - Primary Market Taylor, Michigan
  • True Fundamental Covered Land Play - 1.62 Acre (Main on Main Corner), 14,490 SF All Brick 2001 Construction Building
  • Generational Location - Recent 10-Year Lease Extension with 8 Years Remaining in Term
  • Five (5), 5-Year Options Available W/ a One Time 24% Increase in the Options
  • Long-Term Commitment to the Site with Over 20 Years at this Location
  • Surrounded by National Retailers Including Advance Auto Parts, Burger King, Dollar Tree, Kroger, McDonald's, Taco Bell and Wendy's

OVERVIEW

Rare $9.45 Rent PSF. Lowest Rent Walgreens Available in Wayne County Michigan - 1%+/- Rent to Sales Ratio - Primary Market Taylor, Michigan True Fundamental Covered Land Play - 1.62 Acre (Main on Main Corner), 14,490 SF All Brick 2001 Construction Building Generational Location - Recent 10-Year Lease Extension with 8 Years Remaining in Term Five (5), 5-Year Options Available W/ a One Time 24% Increase in the Options Strong Credit Tenant with S&P BBB Credit Long-Term Commitment to the Site with Over 20 Years at this Location Situated at the Signalized Intersection of Ecorse Road (24,000+ VPD) and Pelham Road (24,100+ VPD) This Location Features a Drive Thru with Ample Parking Surrounded by National Retailers Including Advance Auto Parts, Burger King, Dollar Tree, Kroger, McDonald's, Taco Bell and Wendy's

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

6.23%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

66

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

B1

APN/PARCEL ID

60-004-01-0014-304

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.