20030 Ecorse Rd Taylor, MI 48180-1914

This exceptional investment opportunity presents a 14,490-square-foot Walgreens pharmacy located in Taylor, Michigan. The property, built in 2001, sits on a 1.62-acre lot at a signalized intersection with high daily traffic volume (Ecorse Road and Pelham Road, both exceeding 24,000 vehicles per day). The building is a single-tenant, all-brick structure with a drive-thru and ample parking. The current lease, a Net Net (NN) agreement with Walgreens (S&P BBB credit rating), has a remaining term of eight years, with five additional five-year options available, including a one-time 24% rent increase across the option terms. The current lease commenced November 24, 2001, and expires November 30, 2032. The asking price is $2,341,880, representing a 5.85% cap rate and a net operating income (NOI) of $137,000. The property is zoned B-1 and enjoys a 100% occupancy rate. The location benefits from its proximity to numerous national retailers, including Advance Auto Parts, Burger King, Dollar Tree, Kroger, McDonald's, Taco Bell, and Wendy's. This is a rare opportunity to acquire a Walgreens property with a low rent per square foot ($9.45) and a strong, long-term tenant commitment exceeding 20 years at this location. The property's prime location and favorable lease terms make it an attractive investment for discerning buyers.