29200 6 Mile Rd - Drug Store FOR SALE


Livonia, MI 48152
$2,140,000 USD
332-345-4222
29200 6 Mile Rd, Livonia, MI for Sale
$2,140,000 USD
Drug Store - FOR SALE
1/2
null | 6.5% Cap Rate

29200 6 Mile Rd
Livonia, MI 48152


HIGHLIGHTS

  • Below Market Rent The subject property experiences below market, replaceable rent.
  • Corporate Guarantee The subject investment property's lease is corporately guaranteed through Walgreens
  • Commitment to Operating

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Walgreens located at 29200 6 Mile Road, Livonia, MI 48152. The site consists of roughly 13,905 rentable square feet of building space on an estimated 1.8-acre parcel of land. This Walgreens is subject to a 20-year Double Net (NN) lease, which commenced 5/23/1998. The current annual rent is $139,050.

FOR SALE DETAILS

PRICE

$2,140,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

6.5%

% 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

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.8 AC

LAND SF

78,408 SF

ZONING

N/Av, Livonia

APN/PARCEL ID

46-047-99-0004-005

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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