11635 East 13 Mile Road Warren, MI 48093

Listing agency Pharma Property Group Show Phone

Listed by Jason Pongsrikul · License #CA 01918332

Source Crexi

Added: Apr 13 Updated: Jul 20 at 8:15PM Checked: Jul 20 at 8:15PM

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Investment Insights

Based on property information with market context.

Pharma Property Group presents for sale a portfolio of two Walgreens properties located in the Detroit MSA, Michigan, available for purchase separately or together. Both stores operate on an absolute net lease basis with 7+ years remaining on the primary lease term, including ten (5-year) options to follow. Income is guaranteed by Walgreens corporation.

The offering is supported by Walgreens corporate creditworthiness, described in the materials as an investment-grade BBB (S&P) rating and a top 20 Fortune 500 company with approximately 9,800 locations. The property listed below is the Warren, Michigan asset at 11635 East 13 Mile Road, MI 48093.

For investors and operators seeking Walgreens-backed absolute net exposure, the portfolio structure provides flexibility to acquire the Warren property alone or pair it with the second Walgreens location in Farmington Hills.

Key Highlights

• Portfolio of two Walgreens properties in the Detroit MSA: Farmington Hills, MI and Warren, MI
• Absolute net lease basis with 7+ years remaining on the primary lease term
• Primary lease includes ten 5‑year options to follow

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Similar Off Market Nearby

• Ascension Rx - Warren Pharmacy — 11800 Twelve Mile Rd, Warren, MI 48093
• Amarjit K. Peponis, RPH — Warren, MI 48093
• Manisha K. Bajwa, PharmD — Warren, MI 48093
• John Kopacz, RPh — Warren, MI 48093
• Corey O. Collins, Pharm — 28653 Hoover Rd, Warren, MI 48093, United States

FAQs

What type of property is this?

Drug store - Absolute net leased Walgreens property with 7+ years remaining and multiple 5-year options, income guaranteed by Walgreens.

Where is this drug store located?

The property is located at 11635 East 13 Mile Road Warren, MI.

What are key features of this property?

This property features: Portfolio of two Walgreens properties in the Detroit MSA: Farmington Hills, MI and Warren, MI; Absolute net lease basis with 7+ years remaining on the primary lease term; Primary lease includes ten 5‑year options to follow