8706 N Telegraph Rd - Drug Store FOR SALE
Dearborn Heights, MI 48127 |
$3,857,493 USD
248-702-0288
8706 N Telegraph Rd
Dearborn Heights, MI 48127
HIGHLIGHTS
- 27+ Year Opera ng History at Subject Site | New 10yr Lease Extension Through 2034
- Brand New Roof Installed in 2022
- Dense Area | 346,000+ Residents Within 5 Miles of the Property
- Recently Executed Extension with 9 Years Remaining in Term
- Built to Suite for Walgreens in 1997 with Drive Thru Location
- Corporate Guarantee | S&P Rated "BBB" - Investment Grade Tenant
FOR SALE DETAILS
PRICE
$3,857,493 USD
PRICE/SF
$277 USD /SF
CAP RATE
7.5%
% 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
1997
SPRINKLERS
-
PARKING SPACES
56
LAND DETAILS
LAND ACRES
1.45 AC
LAND SF
63,162 SF
ZONING
C-2, Dearborn Height
APN/PARCEL ID
33-001-02-0108-300
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248-702-0288
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248-702-0288
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