Walgreens - Rochester Hills, MI

Demographics: Ultra Affluent Area: Average household income exceeds $123,000 within a 3-mile radius. High Traffic Location: Positioned at a signalized hard corner along W Auburn Rd with over 16,000 vehicles passing daily. Additionally, Crooks Rd sees over 32,000 vehicles per day. Additional Details: Proximity: Close to Oakland University and a community college. Recession-Resistant Tenancy: Walgreens is an essential retailer. Safety and Living Quality: As of the 2020 census, Rochester Hills has a population of 76,300 and ranks as the 14th-largest city in Michigan. It has been recognized as the safest city in Michigan for the past seven years. Voted among the top places to live in the U.S. by CNNMoney and Livability. Located 30 miles north of Detroit, it combines the benefits of a large city with a calm, safe suburban environment. Community Highlights: Family-Friendly: Low crime rate and strong Avondale and Rochester Community School Districts contribute to its family-oriented atmosphere. Medical Excellence: High-quality medical care is available with several hospitals nearby. Commitment to Quality of Life: Rochester Hills strives to remain one of the top places to live, work, and raise a family.Lease Details: Lease Term: 11+ years remaining, with 10/5 year renewal options. Lease Type: Absolute NNN Lease — Zero landlord responsibilities. Current NOI: $339,000 Leverage Options: Free and Clear Purchase Assume Existing Principal & Interest Loan: Interest Rate: 4.58% Monthly Payments: $21,910 Loan Maturity: July 2025 Owner Financing: Interest Rate: 5% Down Payment: $2.5 Million Additional Details: Increasing Sales: Sales are approximately $2.5 million per year. Ultra Affluent Area: Average household income exceeds $123,000 within a 3-mile radius. High Traffic Location: Positioned at a signalized hard corner along W Auburn Rd with over 16,000 vehicles passing daily. Additionally, Crooks Rd sees over 32,000 vehicles per day.