25015 Little Mack Ave - Drug Store FOR SALE


Saint Clair Shores, MI 48080
$7,365,000 USD
313-287-4673
25015 Little Mack Ave, Saint Clair Shores, MI for Sale
$7,365,000 USD
Drug Store - FOR SALE
1/1
null | 6.25% Cap Rate

25015 Little Mack Ave
Saint Clair Shores, MI 48080


HIGHLIGHTS

  • Corporate Guarantee – Long-Term Lease Backed by Walgreens
  • Net Operating Income (NOI) of $460,267
  • Attractive Financing – Assumable CMBS Loan at 3.295% Interest-Only, Enhancing Cash Flow
  • Prime Location – Freestanding Building Positioned on a Signalized Hard Corner with Excellent Visibility
  • Robust Demographics – Dense Population and Solid Household Income within a 3-5 Mile Radius

OVERVIEW

• Absolute NNN Lease – No Landlord Responsibilities, Offering True Passive Income • Corporate Guarantee – Long-Term Lease Backed by Walgreens • Net Operating Income (NOI) of $460,267 • Attractive Financing – Assumable CMBS Loan at 3.295% Interest-Only, Enhancing Cash Flow • Prime Location – Freestanding Building Positioned on a Signalized Hard Corner with Excellent Visibility • Robust Demographics – Dense Population and Solid Household Income within a 3-5 Mile Radius

FOR SALE DETAILS

PRICE

$7,365,000 USD

PRICE/SF

$506 USD /SF

CAP RATE

6.25%

% 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

2004

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

B-2

APN/PARCEL ID

09-14-28-228-058

ASK ABOUT THIS PROPERTY

Jack MeltonColliersMore Info
313-287-4673

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Jack MeltonColliersMore Info
313-287-4673

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