34899 Groesbeck Hwy Clinton Township, MI 48035

Exceptional opportunity to acquire a net-leased Walgreens situated in Clinton Township, Michigan. This 15,120-square-foot property enjoys a prime location on a major commercial thoroughfare, boasting exposure to 30,448 vehicles daily. The building, which received a new roof in 2019, sits on a 1.98-acre lot and benefits from strong demographics, with over 103,152 residents within a 3-mile radius. The property's tenant, Walgreens, has a long operational history exceeding 20 years at this location, and the lease extends to 2037. The lease includes built-in rental increases: 2.5% in 2029 and 2034, followed by 5% increases every five years thereafter, with five, 5-year renewal options. This investment offers minimal landlord responsibilities and significant upside potential due to the high sales volume and strategic location. The property's strong tenant and favorable lease terms make it an attractive addition to any investment portfolio. Nearby businesses include Burger King, Wendy's, Captain D's, Taco Bell, KFC, Tim Horton's, and 7-Eleven, further enhancing the location's desirability and visibility. The asking price is $2,376,000, and the property generates a net operating income of $166,320. This is a rare opportunity to acquire a well-established, high-performing Walgreens in a thriving commercial area.