Walgreens | 29200 6 Mile Rd
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Walgreens 29200 6 Mile Rd
13,905 SF Retail Building Livonia, MI 48152 $2,140,000 ($154/SF) 6.50% Cap Rate
Investment Highlights
- Below Market Rent The subject property experiences below market, replaceable rent.
- Commitment to Operating
- Corporate Guarantee The subject investment property's lease is corporately guaranteed through Walgreens
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,905 SF
Building Class
C
Year Built
1998
Price
$2,140,000
Price Per SF
$154
Cap Rate
6.50%
NOI
$139,050
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.80 AC
Zoning
N/Av, Livonia
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 46-047-99-0004-005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $821,100 |
PROPERTY TAXES
Parcel Number
46-047-99-0004-005
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$821,100
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Walgreens | 29200 6 Mile Rd
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