1420 W Washington St - Drug Store FOR SALE
Greenville, MI 48838 |
1420 W Washington St
Greenville, MI 48838
HIGHLIGHTS
- STABLE INCOME - Income guaranteed by Walgreens corporate (S&P BBB-) investment grade Top 20 Fortune 500 Company with over 9,200 locations.
- 9 YRS REMAINING ON ABSOLUTE NET LEASE - 9 yrs remaining and 10 (5-Yr) options on an absolute net lease with no landlord responsibilities whatsoever.
- INPLACE ASSUMABLE CMBS NON-RECOURSE FINANCING - Existing financing is assumable allowing for a safe and simple closing process for a buyer.
- 15 YR HISTORY OF OPERATIONS & OPEN UNTIL MIDNIGHT - 15 year history of operations at this location, sells beer and wine.
- ONE OF ONLY TWO NATIONAL BRAND DRUGSTORES WITHIN A 5-MI RADIUS - One of only two stand alone national brand drugstore within a 5-mile radius.
- LOCATED WITHIN 1/2 MI OF SPECTRUM HEALTH UNITED HOSPITAL - Located ±0.5 miles from Spectrum Health United Hospital (88 beds).
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Walgreens Grand Rapids MSA NNN 6.79 CAP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
14820
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
40
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
052-486-003-20
