Walgreens
Flint MI | 7.00% CAP | 2,300 SqFt
Marketing description
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.
Investment highlights
2021 CORPORATE RELOCATION
Walgreens relocated less than one mile from a former higher-rent corner in 2021, reducing occupancy costs while retaining its full prescription base. This reinvestment underscores Walgreens’ long-term commitment to the corridor and creates a more sustainable occupancy structure.
CRITICAL NORTHSIDE PHARMACY NODE
Positioned along Dort Hwy with direct access to I-475 and I-69, the store serves as a critical healthcare and convenience destination for Flint’s northside community. Walgreens is deeply embedded in the daily lives of area residents, ensuring consistent traffic and recurring sales.
DENSE RESIDENTIAL TRADE AREA
Surrounded by established neighborhoods, the location draws from more than 150,000 residents within a five-mile radius. High population density ensures reliable prescription demand and consistent customer volume despite economic challenges in the market.
NECESSITY-BASED CONSUMER SPENDING
A customer base heavily reliant on Medicaid and Medicare drives durable prescription revenues that are insulated from economic downturns. This necessity-based demand provides stability not tied to discretionary retail or broader retail cycles.
ABSOLUTE NNN LEASE | PASSIVE INVESTMENT
Walgreens operates on an absolute NNN lease with no landlord responsibilities, providing investors with a fully passive income stream. Fixed rent obligations combined with reduced occupancy costs enhance the long-term security of this location.
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