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27035340
27035338

1001 E M 21, Owosso, MI 48867

AS
MI 6​5​0​2​4​3​3​3​0​7
APEX Commercial Real Estate Advisors
SY
MI 6501443637
APEX Commercial Real Estate Advisors
Listed by APEX Commercial Real Estate Advisors
$3,987,000
261 days on market
Updated 89 days ago

Walgreens - Owosso, MI - Absolute NNN

Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug (+1)
Square Footage 14,820
Net Rentable (SqFt) 14,820
Units 1
Cap Rate 7.75%
NOI $309,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 10/31/2037
Remaining Term 11.4
Rent Bumps Yes
Lease Options (50) One Year Options
Price per SqFt $269
Broker Co-Op Yes
Year Built 2008
Buildings 1
Acreage 1.770
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple

Single Tenant | Absolute Net (NNN) | 7.75% CAP

Marketing description

Introducing an exceptional investment opportunity - WALGREENS located at 1001 E M 21, OWOSSO, MI 48867. This property boasts a single tenant with an absolute net lease, ensuring zero landlord responsibilities, making it an attractive choice for savvy investors. The renowned tenant, Walgreens, offers stability and a strong tenant profile. The surrounding demographics and location enhance the property's appeal, ensuring a solid investment with promising returns. Explore the potential of this premium commercial real estate asset and seize the opportunity to own a property with a trusted tenant in a prime location. Contact us to learn more about this exclusive offering and take the first step towards securing a valuable addition to your investment portfolio. Don't miss out on this chance to acquire a high-quality property in a sought-after location with a reliable long-term tenant like Walgreens. Get in touch today and make this lucrative investment yours.

Investment highlights

The property offers an Absolute NNN Lease with NO Landlord Obligations, making it an appealing investment opportunity

Corporate Guarantee - Backed by Walgreens Boots Alliance, a Fortune 500 Company with Over 8,500 Locations Nationwide

Boasting a 14,820 SF free-standing building constructed in 2008, the property currently maintains 100% occupancy

Situated in a prime retail location, the modern and well-maintained building provides immediate income potential and a long-term investment opportunity

With a proven track record of tenant stability, attractive curb appeal, ample parking space, high-visibility signage, and a versatile layout for various retail uses, the property meets the strong market demand for retail space

Listing Contacts

AS
MI 6​5​0​2​4​3​3​3​0​7
APEX Commercial Real Estate Advisors
SY
MI 6501443637
APEX Commercial Real Estate Advisors
Listed by APEX Commercial Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$309,000.00
$25,750.00/mo

Valuation Metrics

0
DSCR
7.75%
Cap Rate
7.75%
ROI

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Additional Information

Name
Ayson Shammami
License
6​5​0​2​4​3​3​3​0​7
Brokerage
Apex Commercial RE
Title
Apex Commercial RE
Brokerage Address
32300 Northwestern Highway
Name
Sal Yaldo
License
6501443637
Brokerage
Apex Commercial Real Estate Advisors
Brokerage Phone
248.579.5045
Title
Managing Partner
Brokerage Address
32300 Northwestern Highway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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