Adjacent to 358 Bed Hospital | 5% Incr in Opt 1171 E Sherman Blvd 14,750 SF Retail Building Norton Shores, MI 49444 $5,334,813 CAD ($361.68 CAD/SF) 11% Cap Rate

We are pleased to market for sale the Walgreens property located at 1171 E Sherman Boulevard, Norton Shores, MI 49444 (the “Property”). Walgreens has ±3.5 years of firm term remaining before the option periods. Walgreens operates under an absolute triple net lease, which provides for no landlord obligations whatsoever and calls for a 5% increase in the first four options.
The Property is located along Sherman Boulevard, a primary east-west thoroughfare in the Muskegon area. It is located within a high-traffic commercial corridor and positioned less than a mile west of Westshore Plaza, a 959,000-square-foot retail center anchored by Sam’s Club, Walmart Supercenter, and Lowe’s. The Property is also located adjacent to the Trinity Health Muskegon Hospital Campus, a 358-bed full-service medical facility.
Norton shores is positioned at the intersection US-31 and I-96 which provide strong connectivity to Grand Rapids and other regional hubs in the surrounding area. Nestled along Lake Michigan’s eastern shore, Norton Shores and neighboring Muskegon boast over 32 miles of scenic shoreline, state parks, and regional attractions like Michigan’s Adventure and the USS Silversides Submarine Museum.
Listed in conjunction with Brian Brockman, Bang Realty - Michigan Inc, 513-898-1551, wg@bangrealty.com, MI DRE Lic. 6502428679.