- For Sale $16,694,500
- Property Type Retail - Freestanding
- Property Size 88,273 SF
- Year Built 1998
- Date Updated Dec 15, 2023
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Highlights
- FIRST TIME ON MARKET
- Attractive Below Market & Non-Recourse Assumable Debt
- Attractive Cash-on-Cash Return | Low Price Point Stores
- Net Bond Lease Structure | Zero Landlord Responsibilities
- Long-Term Proven Drugstores | 25+ Year Operating History
- Prototypical Free-Standing Building Equipped W/ Drive-Thru
- Corporate Guarantee | Walgreens Corp. | S&P Rating "BBB"
- Corporate Guarantee | Rite Aid Corp. | 2,244 Locations Nationwide
- Attractive Low Avg. Rent/SF (14.21) | Avg. Price/SF ($189.12)
False
Contacts
Location
Getting Around
-
Walk Score ®
60/100
Somewhat Walkable
-
Bike Score ®
61/100
Bikeable
- City Fremont, MI
- Neighborhood Ashland
- Zip Code 49412
- Market Richmond Tidewater
Points of Interest
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Speedway
0.05 miles
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BP
0.11 miles
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Busch Oil
0.13 miles
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Marathon
0.30 miles
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Murphy USA
0.78 miles
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Meijer Gas Station
1.05 miles
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Wesco
1.19 miles
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Wesco
3.92 miles
-
Sunoco
7.74 miles
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Wesco
7.87 miles
-
Horseshoe Motorcycle Trailhead
7.28 miles
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M-20 Motorsport Trailhead
9.07 miles
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NCT Trailhead - 40th Street
9.08 miles
-
Snowmobile Staging Area
9.31 miles
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Newaygo-Whitecloud Carpool Parking
9.49 miles
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M-20 Trailhead
9.73 miles
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Spanky's Pizza
0.13 miles
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Burger King
0.30 miles
-
Subway
0.30 miles
-
Taco Bell
0.32 miles
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McDonald's
0.40 miles
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Arby's
0.45 miles
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Lake Side Swirl
0.60 miles
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The Lunch Pail
0.78 miles
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Elsie's Ice Cream
0.83 miles
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Moon Dance Cafe
0.83 miles
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Bill's Shop N Save
0.06 miles
-
Walmart Supercenter
0.81 miles
-
Meijer
1.04 miles
-
North Woods General Store
8.72 miles
-
Plumb's
9.11 miles
Frequently Asked Questions
What is the lease rate for Walgreens & Rite Aid 8-Store Portfolio?
Rental asking rate at Walgreens & Rite Aid 8-Store Portfolio is $8,347,250.00/YR.
What is the total square footage of Walgreens & Rite Aid 8-Store Portfolio?
Walgreens & Rite Aid 8-Store Portfolio totals 88,273 square feet.
When was this property built?
Walgreens & Rite Aid 8-Store Portfolio was built in 1998.
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