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Walgreens 1290 W Main St 14,490 SF Retail Building Gaylord, MI 49735 $4,922,816 CAD ($339.74 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
Matthews Real Estate Investment Services, Inc
License # 6505432273, 6502432668 (MI)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 14,490 SF
- $33.09 CAD
- Triple Net
- Dec 2081
Walgreens began in 1901 on Chicago's South Side, when pharmacist Charles R. Walgreen Sr. opened a neighborhood drugstore that grew into a national chain. Walgreens later combined with Alliance Boots to form Walgreens Boots Alliance, bringing together retail pharmacy, pharmaceutical wholesaling, and healthcare services under one business. Walgreens Boots Alliance operates an integrated healthcare, pharmacy, and retail model spanning U.S. and international operations, with businesses centered on prescription filling, consumer health products, beauty items, and related services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 14,490 SF | $33.09 CAD | Triple Net | Dec 2081 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 101-032-000-005-01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,332,156 CAD |
Property Taxes
Presented by
Walgreens | 1290 W Main St
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