Walgreens

2301 Ludington Street, Escanaba, MI 49829

  • For Sale $4,096,585
  • Property Type Retail - Freestanding
  • Property Size 14,820 SF
  • Date Updated Feb 26, 2024
Escanaba, commonly shortened to Esky, is a port city and the county seat of Delta County in the U.S. state of Michigan, located on Little Bay de Noc in the state's Upper Peninsula. The population was 12,450 at the 2020 census, making it the third-largest city in the Upper Peninsula after Marquette and Sault Ste.The Kase Group and Stream Capital Partners are pleased to present the opportunity to purchase a well established Walgreens location in Escanaba, Michigan with a new 15 year absolute NNN lease. The lease calls for zero landlord obligations and is corporately guaranteed by Walgreens. The recently extended lease calls for 5% increases every 5 years. This Walgreens includes a drive through and is situated on a hard corner with excellent ingress and egress points. The asset is well situated near Wendy's, Hobby Lobby, Dollar Tree, Starbucks, Menards and many others. The property is also just 1 mile from OSF St Francis Hospital & Medical Group.

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Highlights

  • New 15 Year Absolute NNN Lease with Rental Increases Every 5 Years
  • Zero Landlord Obligations
  • Corporate Guarantee - NASDAQ:WBA
  • S&P Rated BBB- Investment Grade Credit
  • Hard Corner Location with Excellent Ingress & Egress Points
  • 1 Mile from OSF St Francis Hospital & Medical Group.
  • Situated Near Major Retailers

Contacts

broker

Jeff Bracco

The Kase Group

(510) 388-4438

Location

Getting Around

  • Walk Score ®

    77/100 Very Walkable
  • Bike Score ®

    72/100 Very Bikeable
Powered by Walk Score ®
  • City Escanaba, MI
  • Neighborhood Escanaba
  • Zip Code 49829

Points of Interest

  • ECO Fuels

    0.07 miles

  • Krist

    0.08 miles

  • Meijer

    0.39 miles

  • Escanaba, MI Supercharger

    0.42 miles

  • Driftwood

    0.43 miles

  • Holiday

    0.64 miles

  • Admiral

    0.68 miles

  • The Store

    0.68 miles

  • Krist

    2.20 miles

  • Exxon

    3.69 miles

  • Visitor Parking

    0.75 miles

  • Subway

    0.04 miles

  • Domino's

    0.04 miles

  • The Stonehouse

    0.05 miles

  • Jose Taco

    0.06 miles

  • Papa Murphy's

    0.10 miles

  • Donut Connection

    0.10 miles

  • Wendy's

    0.11 miles

  • Little Caesars

    0.11 miles

  • Mo's Pub

    0.13 miles

  • Hudsons Classic Grill

    0.14 miles

  • Delta Plaza Mall

    0.23 miles

  • Marshalls

    0.25 miles

  • ALDI

    0.36 miles

  • Elmer's County Market

    0.40 miles

  • Sav-Mor

    0.49 miles

  • Walmart Supercenter

    0.53 miles

  • Meijer

    0.54 miles

  • GFS Marketplace

    1.07 miles

  • Five Corners Market

    3.30 miles

Frequently Asked Questions

What is the lease rate for Walgreens?

Rental asking rate at Walgreens is $2,048,292.50/YR.

What is the total square footage of Walgreens?

Walgreens totals 14,820 square feet.

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Contact Listing Broker

broker

Jeff Bracco

The Kase Group

(510) 388-4438