6501 N Wayne Rd, Westland, MI 48185

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Building Details:

• Year Built: 2002

6501 N Wayne Rd is located in Westland, MI.

. Standard & Poors Rated BBB+ (Highest Credit Rating of the Top 3 Drug Store Chains)
. CVS with Rare Rental Increase in Primary Term
. Located on Signalized Intersection
. Outparcel to Large Neighborhood Shopping Center
. Located Between 3 Major Interstates (I-275, I-94, I-96)
. Located South of Westland Center Mall
. Drive Thru Site

The Jonna Group of Marcus & MIillichap is pleased to present for sale the CVS Pharmacy located at 6501 N Wayne Road in Westland, Michigan. The property has 6 plus years remaining with a rare increase coming in its primary term, the lease also features increases in the options. The property is being offered free and clear of debt at a 7.34% cap. The CVS is located at a signalized corner intersection of N Wayne Road and Hunter Street. The property is an outparcel to a large neighborhood shopping center with a Buffalo Wild Wings restaurant as the other opposite end pad site. Wayne road is a major 4 lane commercial corridor running North and South in Westland and is conveniently located in close proximity to 3 major interstates (I-275, I-94, I96). Another major East/West roadway, Ford Road/Route 153, is just a 1/4 mile to the South of the CVS and Westland Center Mall anchored by Macy's, JC Penney, Sears, and Kohl's is just 1/4 mile to the North of the CVS on Warren Road along with another center across the street from the mall with a Target, Petco, and Burlington Coat Factory.