25015 Little Mack Ave Saint Clair Shores, MI 48080
Property profile & analytics
25015 Little Mack Ave Saint Clair Shores, MI 48080
- Drug stores
- 14,456 SF
- 1.34 lot acres
Property ID
US43-1714772
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Walgreens / Cosmetic Store
- FedEx OnSite / Postal Service / Courier Service
- Walgreens Pharmacy / Pharmacy
- Western Union / Bank / Credit Union
Property Details for 25015 Little Mack Ave
- Year built
- 2004
- Lot size
- 1.34 lot acres
- Property size
- 14,456 SF
- Zone code
- B-2
- Property type
- Drug stores
- APN
- 09-14-28-228-058
- APU
- 91428228058
Description
This exceptional investment opportunity presents a 12,727 square foot Walgreens located at 25015 Little Mack Ave, St. Clair Shores, MI 48080. The property is offered at $7,970,000, boasting a 5.77% cap rate and a substantial net operating income (NOI) of $460,267. The property operates under a triple-net (NNN) lease, meaning the tenant is responsible for all operating expenses, minimizing landlord responsibilities. The lease features a corporate guarantee from Walgreens, providing significant credit strength and security. The current lease term commenced September 1, 2021, and expires September 30, 2033, leaving approximately 8.9 years remaining. The lease includes twelve, five-year renewal options, with built-in rent bumps of 5% in year 3 and year 8, and during option periods, ensuring consistent income growth. This single-tenant retail property is classified as a convenience store, grocery store, and pharmacy/drug store, benefiting from Walgreens' established brand recognition and consistent customer traffic. The property's price per square foot is $626.23. This investment offers a secure, long-term income stream backed by a highly reputable tenant in a desirable retail location. The assumable CMBS loan further enhances the investment's appeal. This is a rare opportunity to acquire a stable, high-performing retail asset with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,219,000
- AI Estimate
- $2,219,000
Market price range: $954k - $2.22MMarket price range: $954k - $2.22M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,375,000 Current use
- RESTAURANT
- $2,050,000 Change: +49% Conversion: Easy
- MEDICAL BUILDING
- $1,775,000 Change: +29% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,485,000 Change: +8% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Saint Clair Shores
- County
- Macomb
- State
- Michigan
- Longitude
- -82.9079
- Latitude
- 42.4802
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$59,914
$0.00
$0.00
$999,000
-
$0.00
$0.00
$1,998,000
