9100 Telegraph Rd, Taylor, MI 48180

This exceptional investment opportunity presents a 14,490-square-foot Walgreens located at 9100 Telegraph Rd, Taylor, MI 48180. The property boasts an absolute NNN lease with a prominent national tenant, Walgreens, offering significant stability and predictable cash flow. The lease features a remaining term of approximately 4.4 years, extending to April 30, 2029, with built-in rent bumps of 5% every five years through 2049, the next increase scheduled for May 2025. The property sits on a 1.23-acre lot and was constructed in 2002. Benefitting from a 100% occupancy rate, the property generates a substantial net operating income (NOI) of $409,413, resulting in an attractive 8.00% cap rate. Its strategic location near Beaumont Hospital (a 148-bed facility with over 1,094 employees) and a high volume of traffic on Telegraph Road (over 65,000 vehicles daily) provides exceptional visibility and access to a large customer base. The property is also situated within a densely populated area with significant retail and industrial space nearby, further enhancing its investment appeal. The asking price is $5,117,662, translating to a price per square foot of $353.19. This property offers a compelling combination of strong tenant occupancy, favorable lease terms, and a prime location within the Detroit MSA, making it an ideal addition to any diversified investment portfolio. The property is also conveniently located near Detroit Metropolitan Airport and Ford's world headquarters.