NNN Walgreens Retail
For Sale
Contact for pricing
11635 East 13 Mile Road, Warren, MI 48093
Absolute net leased Walgreens property with 7+ years remaining and multiple 5-year options, income guaranteed by Walgreens.
Property SizeContact for details
Days on Market116
Property Features for 11635 East 13 Mile Road
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 13
Changed: Jul 20
Last Checked: Jul 23 at 4:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pharma Property Group
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.
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
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
39k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Dining 34%
Taco Bell
Dining
10,197 visits/mo
0.0 miles
7-Eleven
Shops & Services
9,428 visits/mo
0.2 miles
Citgo
Shops & Services
6,581 visits/mo
0.1 miles
Marathon Petroleum
Shops & Services
4,365 visits/mo
0.2 miles
Valero Energy
Shops & Services
4,068 visits/mo
0.2 miles
Demographics for 48093, MI
24,780
Population
10,480
Households
2.4
Avg Household Size
43
Median Age
26%
College-Educated
91%
High-School Grad
5.9 sq mi
ZIP Area
4,200
Density / Sq Mi
$66,420
Median Household Income
$42,685
Median Earnings
$1,123
Median Rent
$197,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
Frequently Asked Questions
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
