1420 Wright Ave - Drug Store FOR SALE


Alma, MI 48801
$3,300,000 USD
989-463-1219
1420 Wright Ave, Alma, MI for Sale
$3,300,000 USD
Drug Store - FOR SALE
1/79
null | 10.45% Cap Rate

1420 Wright Ave
Alma, MI 48801


HIGHLIGHTS

  • Busiest intersections in Gratiot County
  • Elevated 14' ceilings
  • Open floor plan ideal for major retailer
  • Drive-thru window accessibility
  • Easy access parking lot
  • ADA compliant

OVERVIEW

Seize this exceptional opportunity to establish your business in a versatile commercial property, previously home to a national chain drug store. This expansive almost 15,000 square foot building offers a blank slate for your vision, featuring a prime location on one of the busiest corners in Gratiot County. Key Features: -Established current lease: This property currently has a transferrable NNN lease for the remaining 8 years of a 25 year term, ending in 2032. - Drive-Through Pharmacy: Equipped with a convenient drive-through area, perfect for medical, retail, or service-oriented businesses. - Fire Suppression System: Fully installed fire suppression system ensures safety and compliance with local regulations. - ADA Compliant: The property includes ADA compliant bathrooms, doors, and main level entrances, ensuring accessibility for all customers. - Receiving Area: Roll-up outside doors provide easy access for receiving deliveries, enhancing operational efficiency. - Security System: The property is protected by a Bosch Commercial alarm/burglary protection system. Location Highlights: - Central Location: Ideally situated in the heart of Alma, this property is less than a block away from the Masonic Home and the MyMichigan Medical Center Alma Hospital, ensuring high visibility and traffic. - High Traffic Area: Positioned on one of the county’s busiest corners, your business will benefit from excellent exposure to both foot and vehicle traffic. - Proximity to Amenities: Close to various local amenities, including shopping centers, dining options, and other professional services, making it a convenient destination for your customers. Potential Uses: - Retail Store - Medical Facility - Office Space - Supermarket - Fitness Center This property’s adaptable layout and strategic location make it ideal for a wide range of commercial uses. Don’t miss out on the chance to create your perfect business space in a thriving area of Alma.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$223 USD /SF

CAP RATE

10.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.89 AC

LAND SF

82,328 SF

ZONING

201 COMMERCIAL

APN/PARCEL ID

51-341-007-10

ASK ABOUT THIS PROPERTY

Micah Kemler43 NORTH REALTYMore Info
989-463-1219

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Micah Kemler43 NORTH REALTYMore Info
989-463-1219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.