1019 E Main St - Drug Store FOR SALE
Owosso, MI 48867 |
1019 E Main St
Owosso, MI 48867
HIGHLIGHTS
- Walgreens Co. (NASDAQ: “WBA”) is rated “BBB” investment grade by Standard & Poor’s - over $148.5 billion in annual revenue and market cap of $41.82 B
- Corporate Backed Long-Term Lease – Walgreens signed a 25-year lease, which commenced in 2008, leaving approximately 10.75 years on the lease term
- Strategic Location with Limited Competition – only Walgreens in the city of Owasso with only 1 other national pharmacy chain in a one-mile radius.
- Absolute NNN Lease Structure – Zero landlord responsibilities for operating or capital expenses.
- Long-Term Historical Tenancy– Walgreens has successfully operated at subject property for almost a decade.
- Walgreens is ranked #45 on the 2022 Fortune 500 list – over 9,000 stores and 258,500 employees operating in all 50 states.
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 in Owosso, MI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding, Storefront
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
007-18-400-018-01
