Walgreens
70th Percentile Walgreen's Store, Per Placer.ai | Traverse City was Voted Top 10 Best Places to Go
Marketing description
Introducing WALGREEN'S - TRAVERSE CITY, MI, a prime investment opportunity located at 3900 N US Highway 31 S, Traverse City, MI 49684.
This property boasts a 70th percentile Walgreen's store according to Placer.ai, with a strong track record of sales growth at +7.07% YoY and +12.5% over the last two years. Strategically positioned across from the top-ranking Meijer store in the area, this 14,748 SF free-standing building on 4.72 acres offers an 8.62% CAP rate and a NOI of $500,000.
With an absolute net lease in place and a remaining term of 4 years from a corporate guarantor, this property presents a secure investment opportunity. Located in a robust retail corridor with high visibility to over 25,000 VPD and surrounded by national retailers, this Walgreen's asset is set in Traverse City, MI, a sought-after market with a strong demographic profile.
Don't miss out on this attractive fee simple offering.
Investment highlights
70th Percentile Walgreen's Store, Per Placer.ai
Surging Sales Growth, +7.07% YoY, +12.5% Over The Last Two Years
Across The Street From The #1 Meijer Store In The System, Per Pacer.ai
Robust Retail Corridor With Dozens Of National Retailers Surrounding The Property
2004 Build To Suit
14,748 Square Foot Free-Standing Building With A Drive-Thru
Large 4.2 Acre Site
Strong Visibility To Over 25,000 VPD
Traverse City, MI MSA Boasts A Population Of Over 157,000 People
Traverse City was Voted Top 10 Best Places to Go in 2025 by the Wall Street Journal
Fee Simple Offering (Land And Building)
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