29200 6 Mile Rd Livonia, MI 48152

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.