25700 Ford Rd - Drug Store FOR SALE


Dearborn Heights, MI 48127
$6,200,000 USD
404-441-3849
25700 Ford Rd, Dearborn Heights, MI for Sale
$6,200,000 USD
Drug Store - FOR SALE
1/4
null | 8% Cap Rate

25700 Ford Rd
Dearborn Heights, MI 48127


HIGHLIGHTS

  • Top visited location with strong store sales.
  • Population of 133,200 and an average household income of $89,744 within a 3-mile radius.
  • Proximate to a variety of traffic drivers, including several schools, golf courses and parks.
  • 6.8 MSF of retail, 2.6 MSF of office, 2.7 MSF of industrial and 7,547 multi-family units within a 3-mile radius.

OVERVIEW

CBRE is pleased to exclusively offer for sale the 14,726 square-foot Walgreens situated on 1.55 acres in Dearborn Heights, MI - a component of Greater Detroit (MSA Population: 4.35M+). Walgreens’ absolute NNN lease features ±7.8 years of firm term remaining with the potential for up to 50 additional years of term. Situated roughly 12 miles west of downtown Detroit, Walgreens is positioned at the hard-corner, signalized intersection of Beech Daly (18,750 VPD) and Ford Road(42,583 VPD) — a crucial east-west thoroughfare connecting Downtown Detroit to the western suburbs. Additionally, the site is less than one mile away from access to US-24 (60,873 VPD) which provides over 100 miles of north-south connectivity in the Detroit metro area.

FOR SALE DETAILS

PRICE

$6,200,000 USD

PRICE/SF

$418 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens: Dearborn Heights, MI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

81

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

-

APN/PARCEL ID

33-014-01-0001-100

ASK ABOUT THIS PROPERTY

Christopher BosworthCBRE, Inc.More Info
404-441-3849

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Christopher BosworthCBRE, Inc.More Info
404-441-3849

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