Walgreens 20030 Ecorse Rd 14,490 SF Retail Building Taylor, MI 48180 $3,043,282 CAD ($210.03 CAD/SF) 6.23% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare $9.45 Rent PSF. Lowest Rent Walgreens Available in Wayne County Michigan - 1%+/- Rent to Sales Ratio - Primary Market Taylor, Michigan
- Generational Location - Recent 10-Year Lease Extension with 8 Years Remaining in Term
- Long-Term Commitment to the Site with Over 20 Years at this Location
- True Fundamental Covered Land Play - 1.62 Acre (Main on Main Corner), 14,490 SF All Brick 2001 Construction Building
- Five (5), 5-Year Options Available W/ a One Time 24% Increase in the Options
- Surrounded by National Retailers Including Advance Auto Parts, Burger King, Dollar Tree, Kroger, McDonald's, Taco Bell and Wendy's
EXECUTIVE SUMMARY
Rare $9.45 Rent PSF. Lowest Rent Walgreens Available in Wayne County Michigan - 1%+/- Rent to Sales Ratio - Primary Market Taylor, Michigan
True Fundamental Covered Land Play - 1.62 Acre (Main on Main Corner), 14,490 SF All Brick 2001 Construction Building
Generational Location - Recent 10-Year Lease Extension with 8 Years Remaining in Term
Five (5), 5-Year Options Available W/ a One Time 24% Increase in the Options
Strong Credit Tenant with S&P BBB Credit
Long-Term Commitment to the Site with Over 20 Years at this Location
Situated at the Signalized Intersection of Ecorse Road (24,000+ VPD) and Pelham Road (24,100+ VPD)
This Location Features a Drive Thru with Ample Parking
Surrounded by National Retailers Including Advance Auto Parts, Burger King, Dollar Tree, Kroger, McDonald's, Taco Bell and Wendy's
True Fundamental Covered Land Play - 1.62 Acre (Main on Main Corner), 14,490 SF All Brick 2001 Construction Building
Generational Location - Recent 10-Year Lease Extension with 8 Years Remaining in Term
Five (5), 5-Year Options Available W/ a One Time 24% Increase in the Options
Strong Credit Tenant with S&P BBB Credit
Long-Term Commitment to the Site with Over 20 Years at this Location
Situated at the Signalized Intersection of Ecorse Road (24,000+ VPD) and Pelham Road (24,100+ VPD)
This Location Features a Drive Thru with Ample Parking
Surrounded by National Retailers Including Advance Auto Parts, Burger King, Dollar Tree, Kroger, McDonald's, Taco Bell and Wendy's
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2001
Price
$3,043,282 CAD
Price Per SF
$210.03 CAD
Cap Rate
6.23%
NOI
$189,513 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.60 AC
Zoning
B1
Parking
66 Spaces (4.49 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 60-004-01-0014-304 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,261,894 CAD |
