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Walgreens 8706 N Telegraph Rd

13,905 SF Retail Building Dearborn Heights, MI 48127 $3,857,493 ($277/SF) 7.50% Cap Rate

Drug Stores Michigan Dearborn Heights 8706 N Telegraph Rd, Dearborn Heights, MI 48127

Investment Highlights

  • 27+ Year Opera ng History at Subject Site | New 10yr Lease Extension Through 2034
  • Dense Area | 346,000+ Residents Within 5 Miles of the Property
  • Built to Suite for Walgreens in 1997 with Drive Thru Location
  • Brand New Roof Installed in 2022
  • Recently Executed Extension with 9 Years Remaining in Term
  • Corporate Guarantee | S&P Rated "BBB" - Investment Grade Tenant

Executive Summary

27+ Year Operating History at Subject Site | New 10yr Lease Extension Through 2034

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,905 SF
Building Class
B
Year Built
1997
Price
$3,857,493
Price Per SF
$277
Cap Rate
7.50%
NOI
$289,312
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.45 AC
Zoning
C-2, Dearborn Height
Parking
56 Spaces (3.99 Spaces per 1,000 SF Leased)
Frontage
270 FT on Dale St

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Drive Thru

Links

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8706 N Telegraph Rd, Dearborn Heights, MI - aerial map view - Image1
8706 N Telegraph Rd, Dearborn Heights, MI - aerial map view - Image2
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Checkers
ALDI
Starbucks

PROPERTY TAXES

Parcel Number 33-001-02-0108-300 Improvements Assessment $0
Land Assessment $0 Total Assessment $900,600

PROPERTY TAXES

Parcel Number
33-001-02-0108-300
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$900,600
(248) 702-0288

Contacts

  • Listing ID: 31804850

  • Date on Market: 5/15/2024

  • Last Updated:

  • Address: 8706 N Telegraph Rd, Dearborn Heights, MI 48127

More public record information on 8706 N Telegraph Rd, Dearborn Heights, MI 48127

The Retail Property at 8706 N Telegraph Rd, Dearborn Heights, MI 48127 is currently available for sale. Contact Encore Real Estate Investment Services for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Walgreens | 8706 N Telegraph Rd
(248) 702-0288 x

Walgreens | 8706 N Telegraph Rd

1/3

Deno Bistolarides

(248) 702-0288

(248) 702-0288

Brandon Hanna

(248) 702-0290

(248) 702-0290

Ryan Vinco

(313) 516-6873

(313) 516-6873

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