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Walgreens 1290 W Main St 14,490 SF Retail Building Gaylord, MI 49735 $4,917,675 CAD ($339.38 CAD/SF) 9.75% Cap Rate
Investment Highlights
- Absolute NNN lease with no landlord responsibilities and ±5.75 years remaining.
- Prime location just off I-75 (Exit 279) with ±29,300 vehicles per day.
- No other Walgreens within 25+ miles, ensuring limited competition.
- Freestanding ±14,490 SF Walgreens with drive-thru on ±1.90 acres.
- Dominant retail corridor with Walmart, Lowe’s, Starbucks, and more nearby.
- Built in 2006 with ample parking and multiple access points for customers.
Executive Summary
Matt Fitzgerald
Matthews Real Estate Investment Services, Inc
License # 6505432273, 6502432668 (MI)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 6505432273, 6502432668 (MI)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,490 SF
Building Class
B
Year Built
2006
Price
$4,917,675 CAD
Price Per SF
$339.38 CAD
Cap Rate
9.75%
NOI
$479,370 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.90 AC
Opportunity Zone
Yes
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 101-032-000-005-01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,299,720 CAD |
Property Taxes
Parcel Number
101-032-000-005-01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,299,720 CAD
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Walgreens | 1290 W Main St
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