950 S Centerville Rd - Drug Store FOR SALE


Sturgis, MI 49091
$3,030,000 USD
248-781-8076
950 S Centerville Rd, Sturgis, MI for Sale
$3,030,000 USD
Drug Store - FOR SALE
1/39
null | 10% Cap Rate

950 S Centerville Rd
Sturgis, MI 49091


HIGHLIGHTS

  • 14,820 SF freestanding building on 1.56 acres
  • Built in 2005
  • 20-year Historical Occupancy
  • Only freestanding Pharmacy in Sturgis, MI

OVERVIEW

Investment opportunity to purchase a freestanding building fully occupied by Walgreens on an absolute NNN lease structure with zero Landlord responsibilities in Sturgis, MI. The property sits on a 1.56-acre plot along S Centerville, the primary thoroughfare and retail corridor. This property services the immediate surrounding households and benets from adjacent retail synergies.

FOR SALE DETAILS

PRICE

$3,030,000 USD

PRICE/SF

$204 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | Sturgis, MI | 10% Cap Rate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

CM

APN/PARCEL ID

052-640-052-00

ASK ABOUT THIS PROPERTY

George AbroAltitude Commercial Real EstateMore Info
248-781-8076

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George AbroAltitude Commercial Real EstateMore Info
248-781-8076

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