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22318 Pontiac Trl
South Lyon, MI 48178

$5,100,000 USD

Drugstore For Sale  •  14,820 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 14,820 SF
  • Lot Size 0.97 AC
  • Building Class B
  • Year Built 2008
  • Cap Rate 8.00 %
  • Tenancy Single
  • Zoning BI
0 Transit Score
58 Walk Score

Highlights

Absolute NNN Lease Through February 2033 - Leased Directly to Walgreens (NASDAQ: WBA) Under a True Absolute Triple Net Structure
Corporate Guarantee - Backed By Walgreens Boots Alliance, a Fortune 500 Company With Over 8,500 Locations Nationwide
Established Performing Location - Long-standing store (18 Years) With Continued Tenant Performance and Presence
Highly Visible South Lyon Site - Strategically Located Along Pontiac Trail, a Key Commuter and Commercial Corridor With Strong Daily Traffic Volumes
Thriving Retail Corridor - Positioned Near Top-Performing Retailers Such as Meijer, CVS, McDonald’s, Kroger, and Dollar Tree, Creating Cross-Traffic
Dense and Affluent Suburban Demographics - Over 44,000 Residents Within a 5-Mile Radius and an Average Household Income Exceeding $120,000
Cap Rate: 8.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens 14,820 SF 1/31/2033

Amenities

  • Signage
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Detroit Metro Wayne County 45 min - 33.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 52
Type: Surface
Included in Rent: Yes
Tyler McGarry 310-558-2029 Sands Investment Group Santa Monica, LLC
Tyler McGarry 310-558-2029 Sands Investment Group Santa Monica, LLC