Walgreens
Redford MI | 7.00% CAP | 3,000 SqFt
Marketing description
HIGH-DENSITY METRO DETROIT LOCATION | INNER-RING SUBURBAN CORRIDOR | ABSOLUTE NNN LEASE
TD Commercial Group is pleased to present for sale a Walgreens (Corporate) property located at 26000 5 Mile Rd, Redford, MI, within one of Metro Detroit’s most established suburban corridors. This absolute NNN lease offers investors stable, passive income backed by Walgreens’ long-term occupancy and proven performance in an infill, high-traffic suburban market.
Positioned directly on 5 Mile Rd with immediate access to both I-96 and Telegraph Rd (US-24), this property enjoys exceptional commuter visibility and connectivity to the surrounding submarkets of Southfield, Livonia, and Dearborn Heights. The store serves a densely populated trade area of more than 280,000 residents within five miles, supported by a balanced mix of middle-income and working-class households that drive consistent prescription and convenience spending.
At just 3,000 square feet, this store reflects Walgreens’ efficient, small-format prototype designed for urban and infill locations. The property’s cost-effective footprint and necessity-based retail orientation make it a highly resilient performer, insulated from broader retail volatility. The surrounding corridor features a complementary mix of daily-use retailers—including CVS, AutoZone, Shell, Subway, and McDonald’s—reinforcing strong traffic and customer loyalty.
Investment highlights
DENSE, ESTABLISHED SUBURBAN LOCATION
Located in Redford Township, an established inner-ring Detroit suburb, this Walgreens benefits from a dense residential population exceeding 280,000 within a five-mile radius. The store serves a mature, stable community of long-term homeowners and working professionals who rely on Walgreens for both pharmacy and daily convenience needs.
EXCELLENT CONNECTIVITY | I-96 & TELEGRAPH ROAD ACCESS
Strategically positioned along 5 Mile Rd with immediate access to I-96 and Telegraph Rd (US-24), the property enjoys high visibility and exceptional commuter accessibility. This connectivity drives consistent traffic from neighboring submarkets including Southfield, Livonia, and Dearborn Heights.
STRONG COMMUTER & NEIGHBORHOOD TRAFFIC FLOWS
The 5 Mile corridor functions as a major suburban arterial linking residential neighborhoods with key employment and retail centers. Walgreens’ placement along this thoroughfare captures both daily commuter volume and local neighborhood traffic, ensuring steady prescription and convenience sales.
COST-EFFICIENT OPERATIONS | SMALL-FORMAT PROTOTYPE
At 3,000 square feet, this store represents Walgreens’ smaller, high-efficiency prototype, designed for urban and infill markets. The compact footprint keeps operating costs low while maximizing prescription throughput, improving profitability and long-term site sustainability.
ABSOLUTE NNN LEASE | STABLE, PASSIVE INCOME
Walgreens operates under an absolute NNN lease with no landlord responsibilities, providing investors a fully passive income stream. The lease includes 3% rent increases at each renewal option, ensuring predictable income growth and a durable yield profile.
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