4157 Red Arrow Hwy - Drug Store FOR SALE


Stevensville, MI 49127
$1,771,428 USD
605-515-4564
4157 Red Arrow Hwy, Stevensville, MI for Sale
$1,771,428 USD
Drug Store - FOR SALE
1/7
null | 7% Cap Rate

4157 Red Arrow Hwy
Stevensville, MI 49127


HIGHLIGHTS

  • AFFLUENT LAKESHORE TRADE AREA - Located in the Stevensville–St. Joseph corridor, this Walgreens serves one of SW Michigan’s most affluent pockets
  • NEW BUILD-TO-SUIT RELOCATION (2021) - Walgreens relocated less than ¼ mile to this modern prototype in 2021
  • HEALTHCARE-DRIVEN DEMAND BASE - The site is positioned just 3.5 miles from Corewell Health Lakeland Hospital, a 300-bed medical hub
  • PRIME HIGHWAY VISIBILITY & CONNECTIVITY - Fronting Red Arrow Hwy with immediate access to I-94
  • TOURISM & RETIREMENT HALO EFFECT - Stevensville benefits from its location along Lake Michigan’s “Sunset Coast,” a retirement destination

OVERVIEW

BRAND NEW 2021 WALGREENS | AFFLUENT MICHIGAN LAKESHORE MARKET | HEALTHCARE & RETIREMENT DRIVEN DEMAND TD Commercial Group is pleased to offer for sale a newly constructed Walgreens (Corporate) located at 4157 Red Arrow Hwy, Stevensville, MI, in one of Southwest Michigan’s most desirable and affluent suburban markets. This absolute NNN lease provides investors with passive, stable income backed by a nationally recognized tenant and a long-term commitment to the trade area. Completed in 2021, this modern build-to-suit reflects Walgreens’ latest prototype, strategically positioned along Red Arrow Highway, the region’s main arterial paralleling I-94. The property benefits from high visibility and strong traffic counts, connecting Benton Harbor, St. Joseph, and New Buffalo. The surrounding Lakeshore trade area boasts average household incomes exceeding $100,000 within three miles, driven by affluent homeowners and a growing retiree population. The store’s success is anchored by proximity to Corewell Health Lakeland Hospital (300 beds) and multiple senior living communities, creating a durable, healthcare-driven customer base. Seasonal tourism and retirement migration to Michigan’s “Sunset Coast” further strengthen prescription and convenience sales, providing long-term insulation from retail volatility.

FOR SALE DETAILS

PRICE

$1,771,428 USD

PRICE/SF

$709 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreen's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,534 SF

ZONING

CMU

APN/PARCEL ID

11-12-0015-0010-11-8

ASK ABOUT THIS PROPERTY

Shane SmithTD Commercial GroupMore Info
605-515-4564

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Shane SmithTD Commercial GroupMore Info
605-515-4564

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.