2131 W Grand River Ave - Drug Store FOR SALE
Okemos, MI 48864 |
$4,900,000 USD
248-702-0288
2131 W Grand River Ave
Okemos, MI 48864
HIGHLIGHTS
- Original 25-Year Lease with 12+ Years Remaining in Term.
- Corporate Back Guarantee | Walgreens Boots Alliance S&P “BBB”.
- Close Proximity to Michigan State University | Over 50,000 Students at the Main Campus.
- Prototypical Free Standing Building Equipped with Drive-Thru.
- Excellent Demographics: Population Exceeds 113,707 within 5 Miles.
- Hard Corner Location With Excellent Visibility on Signalized 4-Way Intersection.
FOR SALE DETAILS
PRICE
$4,900,000 USD
PRICE/SF
$337 USD /SF
CAP RATE
8%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2012
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
1.31 AC
LAND SF
57,064 SF
ZONING
-
APN/PARCEL ID
02-02-21-254-037
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248-702-0288
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248-702-0288
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