13601 W Warren Ave - Drug Store FOR SALE


Dearborn, MI 48126
$6,250,000 USD
419-283-7363
13601 W Warren Ave, Dearborn, MI for Sale
$6,250,000 USD
Drug Store - FOR SALE
1/6
null | 6.8% Cap Rate

13601 W Warren Ave
Dearborn, MI 48126


HIGHLIGHTS

  • 4 years remaining on initial lease term (LED 4/30/2029)
  • Absolute NNN lease with no Landlord responsibilities
  • Very limited competition with high barrier to market entry
  • Strong store sales (non-pharmacy) averages around $2.87M
  • Over 148,000 residents and over 49,000 households within 3 miles
  • Located in the heart of Dearborn’s vibrant, ethnically diverse Fordson neighborhood

OVERVIEW

• 4 years remaining on initial lease term (LED 4/30/2029) • 12, five-year options remaining with automatic renewal lease provision • TTM non-pharmacy sales average $2,865,780 at this location; well above national average • Located in a densely populated trade area with minimal competition • Prominent position at a major intersection in Dearborn Michigan, close to major employment centers and freeways • Multiple access points on both W Warren Avenue and Schaefer Road • Surrounded and supported by over 148,000 residents and over 43,000 daytime employees within 3 miles • Solid average household incomes in excess of $57,000 within 3 miles • Located at the geographic center of the multicultural, ethnically diverse Fordson area of Dearborn • Sought after trade area with very high barrier to market entry • Convenient to major freeways: I-94 and I-75 • Close proximity to Ford Dearborn assembly complex and Ford Dearborn global headquarters campus

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$357 USD /SF

CAP RATE

6.8%

% 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

1999

SPRINKLERS

-

PARKING SPACES

69

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

BB

APN/PARCEL ID

32-10-072-06-019

ASK ABOUT THIS PROPERTY

Dave LongCBREMore Info
419-283-7363

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

Dave LongCBREMore Info
419-283-7363

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