3900 N US 31 South - Freestanding FOR SALE
Traverse City, MI 49684 |
952-230-7187
3900 N US 31 South
Traverse City, MI 49684
HIGHLIGHTS
- 3900 N US 31 South is a freestanding Walgreens-occupied 14,820-square-foot building with a single-lane drive.
- Prominent pylon signage is exposed to more than 25,600 VPD along US 31, and customers have easy access at the signalized intersection.
- Walgreens has established a long-term presence at the site since 2004; four more years are guaranteed, with options to extend through 2079.
- Strong annual NOI of over $500,000 presents a stabilized and profitable passive investment opportunity.
- 10-mile radius encompassing the subject site sees a consumer spending power of more than $1.1 billion.
- Along the US 31 retail corridor, near a Starbucks, Firehouse Subs, T.J. Maxx, Lowe’s Home Improvement, Chick-fil-A, Olive Garden, and others.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
STNL | Walgreens with NOI of $500K+
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
4.74 AC
LAND SF
206,474 SF
ZONING
B-4
APN/PARCEL ID
05-016-002-00
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952-230-7187
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952-230-7187
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