Walgreens | 20030 Ecorse Rd
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Walgreens 20030 Ecorse Rd
14,490 SF Retail Building Taylor, MI 48180 £1,847,743 (£128/SF) 5.85% Net Initial Yield
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
£1,847,743
Price Per SF
£128
Net Initial Yield
5.85%
NOI
£108,093
Tenancy
Single
Number of Floors
1
Building FAR
0.21
Land Acres
1.60 AC
Zoning
B1
Parking
66 Spaces (4.49 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
- Signage
- Signalised Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 60-004-01-0014-304 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £690,454 |
PROPERTY TAXES
Parcel Number
60-004-01-0014-304
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£690,454
-
Power Broker Deno Bistolarides -
Power Broker Brandon Hanna -
Encore Real Estate Investment Services
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Walgreens | 20030 Ecorse Rd
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