2506 Niles Ave - Drug Store FOR SALE
Saint Joseph, MI 49085 |
$5,124,000 USD
949-244-6644
2506 Niles Ave
Saint Joseph, MI 49085
HIGHLIGHTS
- CVS HEALTH CORPORATION (NYSE: CVS) | INVESTMENT GRADE CREDIT (S&P: BBB) | $372.8 BILLION (DEC-2024) | 9,395 RETAIL STORE LOCATIONS ACROSS THE U.S.
- 15.9 YEARS OF FIRM TERM REMAINING | 2015 CONSTRUCTION | FIXED RENTAL INCREASES AT EACH OPTION | NN LEASE WITH MINIMAL LANDLORD RESPONSIBILITIES
- HIGHLY VISIBLE & EASILY ACCESSIBLE LOCATION | HIGH TRAFFIC RETAIL CORRIDOR ALONG HWY 63 / NILES AVE. 15,166 VPD
- LOCATED AT THE SIGNALIZED INTERSECTION OF NAPIER AVE & HWY 63 (26,635 VPD) | 0.28 MILES WEST OF THE 596 BED COREWELL HEALTH LAKELAND HOSPITALS
- DENSE & STABLE DEMOGRAPHICS (49,297 RESIDENTS WITH AN AVERAGE HOUSEHOLD INCOME OF $83,014 WITHIN 5 MILES) | “RIVIERA OF THE MIDWEST” LOCATION
- DENSE RETAIL CORRIDOR ALONG HWY 63 / NILES AVE. 15,166 VPD | 0.8 MILES FROM WHIRLPOOL CORPORATION’S ST. JOSEPH MANUFACTURING FACILITY
FOR SALE DETAILS
PRICE
$5,124,000 USD
PRICE/SF
$382 USD /SF
CAP RATE
6.35%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CVS Pharmacy
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2015
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
2.48 AC
LAND SF
108,029 SF
ZONING
Commercial
APN/PARCEL ID
11-76-3000-0002-00-8
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949-244-6644
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949-244-6644
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