2101 Ashmun St - Drug Store FOR SALE
Sault Sainte Marie, MI 49783 |
2101 Ashmun St
Sault Sainte Marie, MI 49783
HIGHLIGHTS
- Walgreens has a 30+ year operating history and is signing a new, 15-year absolute NNN lease with 5% rent increases showing their commitment to the loc
- Absolute Net Lease: Allows for a true, passive investment with no management required
- The property is at the intersection of I-75 and Marquette Avenue, with traffic counts in excess of 25,500 vehicles per day
- This Walgreens is located among numerous national retailers including Holiday Inn, Family Dollar, Dairy Queen, U-Haul, Taco Bell, Rite Aid, etc.
- Investors can depreciate the building due to fee simple ownership. Rental increases in initial term & option periods provide a hedge against inflation
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding
TOTAL BUILDING SIZE
14820
STORIES
1
YEAR BUILT
2008
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
051-182-001-00
