9100 Telegraph RdTaylor, MI 48180

Property Details for 9100 Telegraph Rd

Year built

2002

Lot size

1.23 AC

Property size (Sq ft)

14,490 SF

Zone code

B-3

Property type

Drug stores

APN

60 023 01 0056 300

APU

60023010056300

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,646,354

  6.5%

  $3,365,866

  7%

  $3,125,447

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,415,594

  Geo Method

  $3,415,594

• Alternative Use

  Use

  Valuation

  Residential

  $2,839,234

  Hospitality

  $2,600,723

  Educational

  $2,163,771

  Medical

  $2,238,186

  Retail

  $3,365,866

Location Insight

City

Taylor

County

Wayne

State

Michigan

Latitude

42.2414

Longitude

-83.2705

CBSA code

19820

CBSA name

DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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