Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the single-tenant, Absolute NNN leased, Walgreens located at 31415 Ford Road in Garden City, Michigan (Detroit MSA) (the “Property). Walgreens has been at the Property since its construction in 2005 and has 3+ years remaining on an absolute triple-net lease with ten (10), 5-year renewal options.
The Property is situated at the signalized intersection of Merriman Road and Ford Road (MI Route 153), the area’s primary commercial and commuter corridor connecting downtown Detroit (14 miles to the east) and Ann Arbor (18 miles to the west). The Property benefits from excellent visibility and frontage as well as two points of access. The Property is located in the center of a strong trade area with numerous national and local retailers and restaurants, businesses, and several area schools that drive traffic to the area. The trade area is surrounded by densely populated residential neighborhoods, providing a strong consumer base. Garden City is 10 miles west of Detroit and is part of the Detroit MSA.