For Sale $2,376,000
Property Type Retail - Freestanding
Property Size 15,120 SF
Lot Size 1.98 Acre
Property Tenancy Single Tenant
Year Built 2002
Date Updated Apr 5, 2024

Clinton Township is a charter township in Macomb County in the U.S. state of Michigan. A northern suburb of Detroit, Clinton Township is located about 22 miles northeast of downtown Detroit.This is the opportunity to purchase a net leased Walgreens in Clinton Township, Michigan. The property is 15,120 square feet and has a long operating history of over 20 years at this location. The property consists of 15,120 square feet and a received new roof in 2019. The lease expires in 2037 with a 2.5% rental increase in 2029 and 2034 and thereafter 5% increases every 5 years with five, 5-year renewal options. This Walgreens boast high performance and has massive sales. The asset benefits from its hard corner location on a major commercial thoroughfare with exposure to 30,448 vehicles per day and also strong demographics in the area. The property neighbors Burger King, Wendy's, Captain D's, Taco Bell, KFC, Tim Horton's, 7-Eleven and more.

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Highlights

Net Leased Offering
Rental Increases of 2.5% in 2029 & 2034 and Thereafter 5% Increases Every 5 Years
Minimal Landlord Obligations
High Performing Location - Massive Sales
New Roof in 2019
Corporate Guarantee - NASDAQ:WBA
S&P Rated BBB- Investment Grade Credit
Desirable Demographics - 103,152 Residents within a 3-Mile Radius
Located on a Major Commercial Thoroughfare - Heavily Trafficked Area (30,448 VPD)
Neighboring Retailers Include Burger King, Wendy's, Captain D's, Taco Bell, KFC, Tim Horton's, 7-Eleven and more

Contacts

Jacob Abusharkh

The Kase Group

(415) 269-2474

Location

Getting Around

Walk Score ®
58/100 Somewhat Walkable
Bike Score ®
48/100 Somewhat Bikeable

Map
Street

City Clinton Township, MI
Neighborhood Mount Clemens
Zip Code 48035
Market Detroit

Points of Interest

Mobil

0.09 miles
BP

0.13 miles
Speedway

0.29 miles
Exxon

0.79 miles
Shell

1.07 miles
Mobil

1.19 miles
Sunoco

1.20 miles
Mobil

1.26 miles
Shell

1.26 miles
Sunoco

1.35 miles

A Victory Inn Parking

4.10 miles
Parking Lot 5C

4.69 miles
Parking Lot 5B

4.74 miles
Staff Parking Lot 5a

4.82 miles
Parking Lot 3

4.87 miles
Parking Lot 1

4.96 miles
Staff Parking Lot 9

4.98 miles
Parking Lot 11

5.09 miles
Parking Lot 10

5.16 miles
Staff Parking Lot 10a

5.20 miles

Wendy's

0.09 miles
McDonald's

0.23 miles
Bigtime Market

0.31 miles
Tubby's

1.20 miles
Chili's Grill & Bar

1.36 miles
Del Taco

1.42 miles
Burger King

1.44 miles
McDonald's

1.51 miles
Red Robin

1.53 miles
Denny's

1.64 miles

Save-A-Lot

0.07 miles
Gordon Food Service

1.25 miles
Aldi

1.25 miles
Target

1.30 miles
TJ Maxx

1.31 miles
Macomb Mall

1.37 miles
Schott's Market

1.66 miles
JCPenney

1.91 miles
Kroger

2.06 miles
Oak Ridge Market

2.15 miles

Frequently Asked Questions

What is the lease rate for Walgreens?

Rental asking rate at Walgreens is $1,188,000.00/YR.

What is the total square footage of Walgreens?

Walgreens totals 15,120 square feet.

When was this property built?

Walgreens was built in 2002.

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