819 W Main St - Drug Store FOR SALE


Fremont, MI 49412
$3,233,800 USD
703-477-1315
819 W Main St, Fremont, MI for Sale
$3,233,800 USD
Drug Store - FOR SALE
1/5
null | 7.65% Cap Rate

819 W Main St
Fremont, MI 49412


HIGHLIGHTS

  • Absolute NNN Lease
  • 1.1 MSF of retail within a 3-mile radius
  • Immediately west of the Gerber/Nestlé’s Fremont campus

OVERVIEW

Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.3 years of primary term remaining with eleven, 5-year options to renew. The property is located with access and visibility along West Main Street (13,738 VPD), which is the main retail artery in Fremont. Walgreens is surrounded by 1.1 MSF of retail within a 3-mile radius. Retailers with a presence in the immediate area include Walmart Supercenter, Meijer, ALDI, Family Farm & Home, Anytime Fitness, Tractor Supply Co., Dunham’s Sports, Ace Hardware, Goodwill, Rent-A-Center, Dollar Tree, Family Dollar, O’Reilly Auto Parts, Advance Auto Parts, McDonald’s, Taco Bell, Burger King and a Chevrolet dealership, to name a few.

FOR SALE DETAILS

PRICE

$3,233,800 USD

PRICE/SF

$239 USD /SF

CAP RATE

7.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens: Fremont, MI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

LOCAL ZONE

APN/PARCEL ID

13-35-355-026

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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