Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple Walgreens located at 29200 Six Mile Road, Livonia, Michigan 48152. The property boasts 13,905 square feet on a 1.8-acre lot and is currently 100% occupied under a Net Lease (NN) agreement with Walgreens, a corporate guarantor. The lease commenced on May 23, 1998, and has a remaining term expiring October 31, 2028, representing a significant 30.4-year lease. The property generates a substantial net operating income (NOI) of… $139,050 annually, resulting in an attractive 6.15% cap rate. Built in 1998, this single-tenant property offers a secure investment with a long-term, established tenant. The current annual rent is below market value, providing further upside potential. Walgreens' consistent operation at this location for over 25 years demonstrates a strong commitment to the site. This is a rare opportunity to acquire a well-performing, net-leased Walgreens with a corporate guarantee, offering stability and significant return on investment. The property is situated in Wayne County, within the city of Livonia, and features a convenient location with excellent visibility. The asking price for this exceptional investment is $2,260,976.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included 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
Price anchors at 6 / 6.5 / 7% — in the full report.
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
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Livonia market rent, vacancy and expense benchmarks for this use type.
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 signals that 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.
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
