22318 Pontiac Trl - Drug Store FOR SALE
South Lyon, MI 48178 |
$4,800,000 USD
310-558-2029
22318 Pontiac Trl
South Lyon, MI 48178
HIGHLIGHTS
- Leased directly to Walgreens (NASDAQ: WBA) under a true Absolute Triple Net (NNN) structure, offering investors zero landlord responsibilities.
- Backed by Walgreens Boots Alliance, a Fortune 500 company with over 8,500 locations nationwide.
- Long-standing store (18 years) with continued tenant performance and presence, demonstrating ongoing commitment to the South Lyon market.
- Strategically located along Pontiac Trail, a key commuter and commercial corridor with strong daily traffic volumes.
- Positioned near top-performing retailers such as Meijer, CVS, McDonald’s, Kroger, and Dollar Tree, creating cross-traffic.
- Over 44,000 residents within a 5-mile radius and an average household income exceeding $120,000, supporting high demand for daily needs retail.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 14,820 SF Walgreens located at 22318 Pontiac Trail in South Lyon, MI. This deal is leased directly to Walgreens (NASDAQ: WBA) under a true Absolute Triple Net (NNN) Lease structure, offering investors zero landlord responsibilities and fully passive income.
IN COOPERATION WITH: Sands Investment Group Michigan, LLC - Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman - MI Lic. # 6502424113
FOR SALE DETAILS
PRICE
$4,800,000 USD
PRICE/SF
$324 USD /SF
CAP RATE
8.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens - Lyon Township, MI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Storefront, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
56
LAND DETAILS
LAND ACRES
0.97 AC
LAND SF
42,253 SF
ZONING
BI
APN/PARCEL ID
21-32-100-066
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310-558-2029
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310-558-2029
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