1007 Memorial Rd - Freestanding FOR SALE
Houghton, MI 49931 |
$4,827,586 USD
248-702-0288
1007 Memorial Rd
Houghton, MI 49931
HIGHLIGHTS
- Absolute Net Lease | Zero Landlord Responsibilities | Passive Investment
- 10+ Years Remaining on Original 20-Year Lease W/ 11, 5-Year Options
- Prototypical Free-Standing Walgreens W/ Drive-Thru On 1.44 Acres
- Close Proximity to Michigan Technological University (2.1 Miles Away) - Over 7,300 Students
- Corporate Guarantee | 6.2% Revenue Growth for Fiscal Year Ending 8/31/24 Reaching $147.7 Billion
- Above Average Store Sales (Inquire W/ Agent for More Details)
FOR SALE DETAILS
PRICE
$4,827,586 USD
PRICE/SF
$332 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.44 AC
LAND SF
62,726 SF
ZONING
B-3
APN/PARCEL ID
052-052-001-09
ASK ABOUT THIS PROPERTY
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248-702-0288
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248-702-0288
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