Entity Owned Property summary
This exceptional investment opportunity presents a 13,905-square-foot Walgreens pharmacy, strategically located at 8706 N Telegraph Rd, Dearborn Heights, MI 48127. The property, built in 1997 and boasting a brand new roof (2022), sits on a 1.45-acre lot in a high-traffic area with over 346,000 residents within a 5-mile radius. The hard corner location at a signalized intersection on Telegraph and Joy Road ensures exceptional visibility, benefiting from traffic counts exceeding 53,000… vehicles. This single-tenant, net-lease property features a corporate guarantee from an investment-grade tenant (S&P rated "BBB"). The current lease, with a remaining term of 9.3 years, includes five 5-year options, and a significant 33% rent increase in the first option. The property's strong performance is reflected in its 7.50% cap rate and a Net Operating Income (NOI) of $289,312. The lease commenced February 7, 1997, and expires February 28, 2034. The asking price is $3,857,493, translating to a price per square foot of $277.42. The property is situated in the Detroit MSA, less than 17 miles from downtown, and is surrounded by other national tenants, including Aldi, CVS, and Starbucks, further solidifying its prime location and investment potential. This is a rare opportunity to acquire a well-established, high-performing Walgreens property with a long-term lease and significant upside potential.
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 · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 4 qualifying comparable sales.
Recently sold
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 in This City 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
- 13,836 SF
- Lot area
- 1.45 ac
- Year built
- 1998
- Stories
- 1
- APN
- 33 001 02 0108 300
- Assessed value · 2024
- $900,600
- Annual tax · 2023
- $57,511
- Retail Stores · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
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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- Full Property Data
- Historical Records
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