Absolute NNN Leased Walgreens | 1710 W John Beers Rd
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Absolute NNN Leased Walgreens 1710 W John Beers Rd
14,820 SF Retail Building Stevensville, MI 49127 $4,319,527 ($291/SF) 8.45% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Corporate Guarantee - NASDAQ:WBA
- Nearby Local Middle & High School (1,491 Students Combined)
- Zero Landlord Obligations
- Located at Signalized Intersection - 7,495 VPD
Executive Summary
The Kase Group is pleased to present the opportunity to purchase a well
established Walgreens location in Stevensville, Michigan. The lease
calls for zero landlord obligations and is corporately guaranteed by
Walgreens. Beyond the initial term, tenant has fifty (50) years of options
with 12 month cancellation rights. The site is well positioned at the
signalized intersection of W John Beers Rd & Cleveland Ave with
exposure to 7,495 vehicles per day and nearby Lakeshore High School
(872 students) & Lakeshore Middle School (619 students).
established Walgreens location in Stevensville, Michigan. The lease
calls for zero landlord obligations and is corporately guaranteed by
Walgreens. Beyond the initial term, tenant has fifty (50) years of options
with 12 month cancellation rights. The site is well positioned at the
signalized intersection of W John Beers Rd & Cleveland Ave with
exposure to 7,495 vehicles per day and nearby Lakeshore High School
(872 students) & Lakeshore Middle School (619 students).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2007
Price
$4,319,527
Price Per SF
$291
Cap Rate
8.45%
NOI
$365,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.06 AC
Zoning
CMU
Parking
68 Spaces (4.59 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 11-12-0027-0008-17-6 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $689,400 |
PROPERTY TAXES
Parcel Number
11-12-0027-0008-17-6
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$689,400
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Absolute NNN Leased Walgreens | 1710 W John Beers Rd
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