Property summary
This exceptional investment opportunity presents a freestanding Walgreens pharmacy located at 2131 W Grand River Street, Meridian Charter Township, MI 48864. The property boasts a 14,550 square foot building constructed in 2012 on a 1.32-acre lot. Benefitting from a highly desirable location, this property enjoys excellent visibility at a signalized four-way intersection with combined daily traffic counts exceeding 40,755 vehicles. The property is situated in a main retail corridor, less… than a mile from Meridian Mall and surrounded by numerous national tenants including Chick-fil-A, Meijer, and Best Buy. The strong demographics are highlighted by an average household income of $95,098 within a 3-mile radius and a population exceeding 113,707 within 5 miles. The property is further enhanced by its proximity to Michigan State University, with over 50,000 students at the main campus. This absolute net lease investment features a corporate guarantee from Walgreens Boots Alliance (S&P rating "BBB"), minimizing landlord responsibilities. The original 25-year lease commenced June 15, 2012, and has 12.2 years remaining, expiring January 15, 2037. The property offers a compelling 8.00% cap rate, a $392,000 net operating income (NOI), and an asking price of $4,900,000 ($336.77 per square foot). The property includes a drive-thru for added convenience. 100% occupancy ensures a consistent income stream.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 16 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 14,550 SF
- Lot area
- 1.32 ac
- Year built
- 2012
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- 300 reports a month
- Ownership
- Owner Contacts
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- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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