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1419 N Dort Hwy
Flint, MI 48506
Retail Property For Sale

Investment Highlights

  • 2021 CORPORATE RELOCATION - Walgreens relocated less than one mile from a former higher-rent corner in 2021
  • DENSE RESIDENTIAL TRADE AREA - Surrounded by established neighborhoods, the location draws from more than 150,000 residents
  • ABSOLUTE NNN LEASE - Walgreens operates on an absolute NNN lease with no landlord responsibilities, providing investors with fully passive income
  • CRITICAL NORTHSIDE PHARMACY NODE - Positioned along Dort Hwy with direct access to I-475 and I-69, site serves as a critical healthcare destination
  • NECESSITY-BASED CONSUMER SPENDING - A customer base heavily reliant on Medicaid and Medicare drives durable prescription revenues

Executive Summary

2021 RELOCATION | COST-EFFICIENT WALGREENS | NECESSITY-DRIVEN FLINT CORRIDOR
TD Commercial Group is pleased to present for sale a Walgreens (Corporate) located at 1415–1419 N Dort Hwy, Flint, MI, operating under a long-term absolute NNN lease with no landlord responsibilities. This 2021 relocation underscores Walgreens’ strategic reinvestment in Flint’s northside corridor—optimizing occupancy costs while retaining the full prescription base from its former higher-rent location less than one mile north.
The 2,300 SF prototype store sits on 0.93 acres along N Dort Highway, a critical northside artery offering direct connectivity to I-475 and I-69, with traffic counts exceeding 20,000 VPD. The property serves as a key healthcare and convenience hub surrounded by dense residential neighborhoods and essential retailers including Dollar General, Save-A-Lot, Dollar Tree, Rally’s, and Marathon, ensuring constant daily needs traffic.
Walgreens’ presence is supported by a durable prescription-driven customer base heavily reliant on Medicaid and Medicare, insulating revenue from economic cycles. This creates a stable, necessity-based investment opportunity with consistent script volume and recurring foot traffic from over 150,000 residents within a five-mile radius.
This modern, purpose-built relocation features Walgreens’ latest cost-optimized design, emphasizing operational efficiency and sustainability within one of Michigan’s most resilient healthcare corridors.

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
2,300 SF
Building Class
C
Year Built
2021
Price
$2,820,261 CAD
Price Per SF
$1,226.20 CAD
Cap Rate
7%
NOI
$197,418 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.93 AC
Zoning
D-6
Parking
26 Spaces (11.3 Spaces per 1,000 SF Leased)
Frontage
301’ on Dort Highway
  • Listing ID: 38114280

  • Date on Market: 2025-10-17

  • Last Updated:

  • Address: 1419 N Dort Hwy, Flint, MI 48506

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