Walgreens Ann Arbor MI

Ann Arbor, MI
SOLD
$10,800,000
/month
Arthur Griffith
Agent
Posted On
September 16, 2022
Walgreens Ann Arbor MI
Price
$10,800,000
CAP Rate
5.85%
Broker Fee
N/A
Yrs Guaranteed
18
NOI
$631,656
Walgreens Ann Arbor MI
Price
$10,800,000
CAP Rate
5.85%
Broker Fee
N/A
Yrs Guaranteed
18
NOI
$631,656
Walgreens Ann Arbor MI
Price
$10,800,000
CAP Rate
5.85%
Broker Fee
N/A
Yrs Guaranteed
18
NOI
$631,656
Walgreens Ann Arbor MI
Price
$10,800,000
CAP Rate
5.85%
Broker Fee
N/A
Yrs Guaranteed
18
NOI
$631,656
Walgreens Ann Arbor MI
Price
$10,800,000
CAP Rate
5.85%
Broker Fee
N/A
Yrs Guaranteed
18
NOI
$631,656
Bedrooms
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Bathrooms
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Area
Parking Spaces
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Price
$10,800,000
CAP Rate
5.85%
Broker Fee
N/A
Yrs Guaranteed
18
NOI
$631,656

Investment Highlights

  • ~18 Year NNN with extremely rare rent increase in primary term (3 years from now)
  • Rare rental increase at every 5 year option period
  • Just two miles from University of Michigan and Michigan Stadium
  • Non-recourse loan generates 7% return on cash with $4.9MM cash down ($346,774 net annual cash flow)
  • 50,000 cars per day at intersection
  • Well positioned in major retail corridor
  • True NNN lease with no management responsibilities
  • Walgreens corporate, investment grade credit guarantees the rent
Download offering Memorandum
Address
City & State
󰨷
Ann Arbor, MI
Full Address
󰴖
2355 Jackson, Ann Arbor, MI, 48103

Location

Interested in this property? Reach out by phone or email.

Call: (415) 730-3024

Email: atg@rxsyndicate.com