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Walgreens Anchored Shopping Center

3 Retail Properties Offered at $3,187,552 in Detroit, MI

Investment Highlights

  • Shopping Center Tenants Includes: Walgreens, Little Caesars, Dollar Daze Plus, Harbortown Laundromat, & She's Happy Hair.
  • High Traffic Location | 39,000+ Vehicles Per Day.
  • Placer.ai Data Ranks This Walgreens Store Location Top 30% in U.S For Most Visits.
  • 10 Mile Population Exceeds 780,000.

Executive Summary

Fortis Net Lease is pleased to present this Walgreens Anchored Shopping Center located at 6331 E Jefferson Ave & 500 Mt Elliott St, Detroit, MI. This 28,054 SF property offers the ideal prospect for a Retail/Strip Center investor.
This shopping center is located in a high traffic area that see over 39,000 vehicles per day. 10 Mile population for this location is 782,740. Shopping Center Tenants includes: Walgreens, Little Caesars, Dollar Daze Plus, Harbortown Laundromat, & She's Happy Hair. This shopping center also includes a vacant suite that is ready for a new tenant.
This building presents a lucrative venture in the heart of the Detroit area. With a proven track record and a spacious layout, this property offers an exceptional potential for long-term growth and profitability. Don't miss out on this rare chance to secure a solid investment in a thriving market.

Property Facts

Price $3,187,552
Price / SF $113.62 / SF
Sale Conditions Bulk/Portfolio Sale
Cap Rate 7.75%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 28,054 SF
Total Land Area 5.00 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Building A
500 Mount Elliott St, Detroit, MI 48207
Retail 9,637 SF 2004 -
6331 E Jefferson Ave, Detroit, MI 48207 Retail 13,741 SF 2002 -
Building B
500 Mount Elliott St, Detroit, MI 48207
Retail 4,676 SF 2004 -
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  • Listing ID: 31521901

  • Date on Market: 4/11/2024

  • Last Updated:

  • Address: Walgreens Anchored Shopping Center, Detroit, MI

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