Walgreens

34899 Groesbeck Hwy, Clinton Township, MI 48035

  • For Sale $2,376,000
  • Property Type Retail - Freestanding
  • Property Size 15,120 SF
  • Lot Size 1.98 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 2002
  • Date Updated Dec 10, 2024
Clinton Township is a charter township in Macomb County in the U.S. state of Michigan. A northern suburb of Detroit, Clinton Township is located about 22 miles northeast of downtown Detroit.This is the opportunity to purchase a net leased Walgreens in Clinton Township, Michigan. The property is 15,120 square feet and has a long operating history of over 20 years at this location. The property consists of 15,120 square feet and a received new roof in 2019. The lease expires in 2037 with a 2.5% rental increase in 2029 and 2034 and thereafter 5% increases every 5 years with five, 5-year renewal options. This Walgreens boast high performance and has massive sales. The asset benefits from its hard corner location on a major commercial thoroughfare with exposure to 30,448 vehicles per day and also strong demographics in the area. The property neighbors Burger King, Wendy's, Captain D's, Taco Bell, KFC, Tim Horton's, 7-Eleven and more.
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Highlights

  • Net Leased Offering
  • Rental Increases of 2.5% in 2029 & 2034 and Thereafter 5% Increases Every 5 Years
  • Minimal Landlord Obligations
  • High Performing Location - Massive Sales
  • New Roof in 2019
  • Corporate Guarantee - NASDAQ:WBA
  • Desirable Demographics - 103,152 Residents within a 3-Mile Radius
  • Located on a Major Commercial Thoroughfare - Heavily Trafficked Area (30,448 VPD)
  • Neighboring Retailers Include Burger King, Wendy's, Captain D's, Taco Bell, KFC, Tim Horton's, 7-Eleven and more

Contacts

broker
Jacob Abusharkh

The Kase Group

Location

Getting Around

  • Walk Score ®

    58/100 Somewhat Walkable

  • Bike Score ®

    48/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Clinton Township, MI
  • Neighborhood Mount Clemens
  • Zip Code 48035
  • Market Detroit

Points of Interest

  • Mobil

    0.09 miles

  • BP

    0.13 miles

  • Speedway

    0.29 miles

  • Exxon

    0.79 miles

  • Shell

    1.07 miles

  • Sunoco

    1.20 miles

  • Roseville, MI Supercharger

    2.38 miles

  • eVgo

    5.73 miles

  • Blink

    6.06 miles

  • A Victory Inn Parking

    4.10 miles

  • Parking Lot 5C

    4.69 miles

  • Parking Lot 5B

    4.74 miles

  • Staff Parking Lot 5a

    4.82 miles

  • Parking Lot 3

    4.87 miles

  • Parking Lot 1

    4.96 miles

  • Staff Parking Lot 9

    4.98 miles

  • Parking Lot 11

    5.09 miles

  • Parking Lot 10

    5.16 miles

  • Staff Parking Lot 10a

    5.20 miles

  • Burger King

    0.04 miles

  • Wendy's

    0.09 miles

  • McDonald's

    0.23 miles

  • Taco Bell

    0.26 miles

  • Bigtime Market

    0.31 miles

  • KFC

    0.32 miles

  • Tubby's

    1.20 miles

  • Kabob Castle

    1.20 miles

  • Pizza Hut

    1.26 miles

  • Leo's Coney Island `

    1.32 miles

  • Gordon Food Service

    1.25 miles

  • ALDI

    1.25 miles

  • Target

    1.30 miles

  • TJ Maxx

    1.31 miles

  • Macomb Mall

    1.37 miles

  • Schott's Market

    1.65 miles

  • Burlington

    1.74 miles

  • Meijer

    1.91 miles

  • JCPenney

    1.91 miles

  • Kroger

    2.07 miles

Frequently Asked Questions

How much does Walgreens cost?

The space currently listed for sale at Walgreens asks for $2,376,000.

What is the total square footage of Walgreens?

Walgreens totals 15,120 square feet.

When was this property built?

Walgreens was built in 2002.

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Contact Listing Broker
broker
Jacob Abusharkh

The Kase Group