For Sale
$975,000

507 Telegraph Rd Monroe, MI 48161

11,180 SF Pharmacy, 5.6% Cap Rate, 100% Occupied

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a 11,180 square foot, single-tenant retail pharmacy located at 507 S Telegraph Rd, Monroe, MI 48161. The property sits on a 1.145-acre lot and boasts a 5.60% capitalization rate, making it a highly attractive proposition for discerning investors. Built in 1999, the building is currently 100% occupied under a NNN lease. The property features a convenient drive-up window and ample parking, with 52 spaces per 1,000 square feet. Its strategic location at a controlled intersection across from a Walgreens, with ingress/egress from both Telegraph and French Road, ensures high visibility and accessibility within a busy retail corridor. A large pylon sign overlooking Telegraph Road further enhances its prominence. The property is zoned C-2 General Commercial District and has an APN of 55-19-00151-000. The asking price is $975,000. This well-maintained property presents a value-add opportunity with below-market rents.

Highlights

  • High-traffic corner lot at a controlled intersection, directly across from a Walgreens.
  • Excellent access from both Telegraph and French Roads.
  • Features a convenient drive-thru window.
  • Situated in a thriving retail area.
  • Prominent pylon signage visible from Telegraph Road.

Property Details for 507 Telegraph Rd

Property type
Retail properties, Drug stores
Square Feet
11,180 SF
Year Built
1999
Lot Size (sq. ft)
49,876 SF

Location Insight

City
Monroe
County
Monroe
State
Michigan
Latitude
41.9191017
Longitude
-83.4162413
507 Telegraph Rd, Monroe, Michigan

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FAQs

What type of property is this?
Retail property - 11,180 SF Pharmacy, 5.6% Cap Rate, 100% Occupied
Where is the retail property located?
The property is located at 507 Telegraph Rd Monroe, MI.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: High-traffic corner lot at a controlled intersection, directly across from a Walgreens.; Excellent access from both Telegraph and French Roads.; Features a convenient drive-thru window.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Luke Herder
Anthony Crivello
Visit Broker Website

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Telegraph Rd
Monroe, MI 48161

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Telegraph Rd
Monroe, MI 48161

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

507 Telegraph Rd
  • Luke Herder
  • Anthony Crivello
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