Walgreens

8706 N Telegraph Rd, Dearborn Heights, MI 48127

  • For Sale $3,857,493
  • Property Type Retail - Street Retail
  • Property Size 13,905 SF
  • Lot Size 1.45 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1997
  • Date Updated Sep 17, 2024
Dearborn Heights is a city in Wayne County, in the Detroit metropolitan area, in the State of Michigan. An inner-ring suburb of Detroit, Dearborn Heights is located about 12 miles west of downtown Detroit. The city shares a small border with Detroit, and is considered a bedroom community. As of the 2020 census, the city had a population of 63,292. The city's central location affords easy access to numerous recreational, cultural and travel opportunities in the Greater Detroit area. Dearborn Heights provides all the advantages of living in a small city with a diverse population and a strong economic foundation. Wayne County is the most populous county in the U.S. state of Michigan. As of 2020, the United States Census placed its population at 1,793,561, making it the 19th-most populous county in the United States. Wayne County is included in the Detroit-Warren-Dearborn, MI Metropolitan Statistical Area. Detroit is the most populous city in the state. It is the largest U.S. city on the United States–Canada border, and the seat of government of Wayne County. Detroit had a population of 639,111 at the 2020 census, making it the 29th-most populous city in the United States. The Metro Detroit area, home to 4.3 million people, is the second-largest in the Midwest after the Chicago metropolitan area and the 14th-largest in the United States. A significant cultural center, Detroit is known for its contributions to music, art, architecture and design, in addition to its historical automotive background. Detroit is a port on the Detroit River, one of the four major straits that connect the Great Lakes system to the St. Lawrence Seaway. The city anchors the second-largest regional economy in the Midwest and the 14th-largest in the United States. Detroit is best known as the center of the U.S. automotive industry, and the "Big Three" auto manufacturers—General Motors, Ford, and Stellantis North America (Chrysler)—are all headquartered in Metro Detroit. The Detroit Metropolitan Airport is among the most important hub airports in the United States. Detroit and its neighboring Canadian city Windsor constitute the second-busiest international crossing in North America, after San Diego–Tijuana. An increasingly popular tourist destination, Detroit receives 16 million visitors per year. Time named Detroit as one of the fifty World's Greatest Places of 2022 to explore..

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Highlights

  • 27+ Year Operating History at Subject Site | New 10yr Lease Extension Through 2034
  • New Roof Installed in 2022
  • Dense Area | 346,000+ Residents Within 5 Miles of the Property
  • Recently Executed Extension with 9 Years Remaining in Term
  • 13,905 Square Foot Walgreens Store Situated on 1.45 Acres of Land
  • Built to Suite for Walgreens in 1997 with Drive Thru Location
  • Corporate Guarantee | S&P Rated "BBB" - Investment Grade Tenant
  • Hard Corner Location at a Signalized Intersection - Strong Visibility and Traffic Counts of 53,000+ on Telegraph and Joy Road
  • Detroit MSA - Less than 17 Miles from Downtown Detroit. Detroit MSA is Home to about 4.3 Million People and is the Second Largest Midwest MSA only Behind Chicago
  • Surrounding by National Tenants Including Aldi, Checkers, CVS, Dairy Queen, Family Dollar, Jimmy John's, Starbucks, Wendy's and Many More

Contacts

broker

Brandon Hanna

Encore Real Estate Investment Services

Location

Getting Around

  • Walk Score ®

    80/100 Very Walkable
  • Bike Score ®

    53/100 Bikeable
Powered by Walk Score ®
  • City Dearborn Heights, MI
  • Zip Code 48127
  • Market Detroit

Points of Interest

  • Dearborn

    3.93 miles

  • Smith's Creek Depot Station

    4.09 miles

  • Firestone Station

    4.17 miles

  • Walnut Grove Station

    4.28 miles

  • CDM Transport LLC

    6.08 miles

  • BP

    0.09 miles

  • Valero

    0.18 miles

  • Sunoco

    0.43 miles

  • Marathon

    1.05 miles

  • Shell

    1.06 miles

  • Exxon

    1.07 miles

  • Mobil

    1.11 miles

  • Livonia, MI Supercharger

    3.28 miles

  • Rhombus Energy Solutions

    5.59 miles

  • Charging Station at Westland City Hall

    6.48 miles

  • Monteith Parking Structure

    3.11 miles

  • Paid Parking

    3.33 miles

  • Dearborn Hills Golf Course Parking - Free

    3.78 miles

  • Arjay Miller Arboretum Parking

    4.15 miles

  • Deck 400

    4.59 miles

  • Deck 300

    4.66 miles

  • RIC

    4.80 miles

  • Vistor Parking Lot A

    5.13 miles

  • Vistor Parking Lot B

    5.14 miles

  • Parking Lot C

    5.19 miles

  • Checkers

    0.08 miles

  • Wendy's

    0.14 miles

  • Red Ruby

    0.16 miles

  • Detroit Pizza Factory

    0.16 miles

  • Happy's Pizza

    0.16 miles

  • Telegraph Grill

    0.17 miles

  • Dairy Queen

    0.22 miles

  • Jimmy John's

    0.26 miles

  • Durresi Restaurant Coney Island

    0.26 miles

  • Dip'n Shwarma

    0.42 miles

  • Randazzo Fresh Market

    0.15 miles

  • Park to Shop

    0.16 miles

  • ALDI

    0.24 miles

  • Sun Valley Supermarket

    0.43 miles

  • Burlington

    0.46 miles

  • Liquor Store

    1.26 miles

  • Papaya Fruit Market

    1.40 miles

  • Saturn Super Foods

    1.76 miles

  • Sugar Market

    2.00 miles

  • Kroger

    2.33 miles

Frequently Asked Questions

How much does Walgreens cost?

The space currently listed for sale at Walgreens asks for $3,857,493.

What is the total square footage of Walgreens?

Walgreens totals 13,905 square feet.

When was this property built?

Walgreens was built in 1997.

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Contact Listing Broker

broker

Brandon Hanna

Encore Real Estate Investment Services