1550 36th St SW - Drug Store FOR SALE
Wyoming, MI 49509 |
1550 36th St SW
Wyoming, MI 49509
HIGHLIGHTS
- STABLE INCOME - Income guaranteed by Walgreens corporate (S&P BBB-) investment grade Top 20 Fortune 500 Company with over 9,200 locations.
- 12.5 YRS REMAINING ON ABSOLUTE NET LEASE - The lease has over 12.5 yrs. remaining on an absolute net lease with no landlord responsibilities.
- ROBUST EMPLOYMENT BASE WITHIN MEDICAL INDUSTRY – Numerous hospitals and medical employers within a 10-mile radius.
- NEIGHBORHOOD STORE WITH OVER 35,500 HOUSEHOLDS IN A 3 MILE RADIUS – Subject property is surrounded by residential neighborhoods of single-family homes
- INFILL GRAND RAPIDS MSA LOCATION - Substantial demos with a population of ± 240,973 residents and above average HH income of $66,818 in a 5-mi radius.
- ONE MILE FROM SR-131 LEADING TO GRAND RAPIDS WITH 111,012 VPD - Located at corner of 36th St. & Burlingame Ave. with a combined traffic of 36,651.
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 | Grand Rapids MSA | NNN | 12.5 Yrs
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
14418
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
91
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
41-17-23-101-053
