Dearborn, MI

• The lease is an absolute NNN lease with zero landlord obligations whatsoever and has 5% rental increases every 5 years throughout the first four option periods.
• According to Placer.ai, this location ranks in the top 10% in customer visits for all Walgreens locations in Michigan.
• 4 miles northeast of Ford's Global Headquarters which includes their new, 2.1 million square foot building. 14,000 employees will be within a 15 minute walk of the new location, per Ford.
• 154,000 residents, and 51,000 households within a 3-mile radius of the property.
• Located on the signalized hard-corner of Schaefer Rd and Warren Ave, (46K total VPD). Close proximity to the I-94 connecting Dearborn to Detroit with over 131K vehicles per day.

We are pleased to market for sale the Walgreens property located at 13601 West Warren Avenue, Dearborn, Michigan 48126 (the "Property"). Walgreens has just over three and a half years of guaranteed lease term before the option periods. This lease calls for 5% rental increases every five years with the next rental increase coming in May of 2029.

According to Placer.ai, this Walgreens is one of the highest trafficked locations in Michigan, ranking in the 10% of all stores within the state. The subject property benefits from its position on the signalized hard corner of Schafer Road and Warren Avenue, with a combined daily traffic count of 46,091 vehicles per day. Additionally, this Walgreens is positioned in close proximity to the I-94 interstate which connects Dearborn to Detroit and sees over 131,000 vehicles per day.

The surrounding area is densely populated with over 154,000 residents and 51,000 households within a 3-mile radius. Ford Global Headquarters is located about 4 miles southwest and includes a new 2.1 million square foot building which will be home to 14,000 employees.