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Walgreens: Fremont, MI 819 W Main St 13,547 SF Retail Building Fremont, MI 49412 $4,394,734 CAD ($324.41 CAD/SF) 7.65% Cap Rate



Investment Highlights
- Absolute NNN Lease
- Immediately west of the Gerber/Nestlé’s Fremont campus
- 1.1 MSF of retail within a 3-mile radius
Executive Summary
Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.3 years of primary term remaining with eleven, 5-year options to renew. The property is located with access and visibility along West Main Street (13,738 VPD), which is the main retail artery in Fremont. Walgreens is surrounded by 1.1 MSF of retail within a 3-mile radius. Retailers with a presence in the immediate area include Walmart Supercenter, Meijer, ALDI, Family Farm & Home, Anytime Fitness, Tractor Supply Co., Dunham’s Sports, Ace Hardware, Goodwill, Rent-A-Center, Dollar Tree, Family Dollar, O’Reilly Auto Parts, Advance Auto Parts, McDonald’s, Taco Bell, Burger King and a Chevrolet dealership, to name a few.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,547 SF
Year Built
2008
Price
$4,394,734 CAD
Price Per SF
$324.41 CAD
Cap Rate
7.65%
NOI
$336,189 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.00 AC
Zoning
LOCAL ZONE
Parking
50 Spaces (3.69 Spaces per 1,000 SF Leased)
Frontage
292’ on Main St
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-35-355-026 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,085,301 CAD |
Property Taxes
Parcel Number
13-35-355-026
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,085,301 CAD
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Walgreens: Fremont, MI | 819 W Main St
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