Walgreens
Essential Retail | 7.00% CAP | 1,950 SqFt
Marketing description
ESTABLISHED WALGREENS | HISTORIC DORT MALL RETAIL CORRIDOR | NECESSITY-BASED INVESTMENT
TD Commercial Group is pleased to offer for sale a Walgreens (Corporate) located at 3336 South Dort Highway, Flint, MI, positioned along one of the city’s most established retail arteries and within the historic Dort Mall corridor. This Walgreens serves as a core healthcare and convenience anchor for Flint’s southside community, benefiting from high residential density, consistent prescription demand, and strong visibility along a high-traffic commuter route.
Constructed in 2010 (renovated 2019), this 1,950 SF building sits on 0.81 acres and operates under a corporate-backed Absolute NNN lease with no landlord responsibilities. The lease provides investors with passive, predictable income and features 5% rent increases at each option period — ideal for 1031 exchange buyers and yield-focused investors.
Strategically located less than one mile from both I-69 and I-475, the property benefits from excellent accessibility and exposure to 17,455+ vehicles per day on Dort Hwy. Surrounding national tenants include Meijer, Walmart, Family Dollar, AutoZone, Arby’s, Big Lots, and Dollar Tree, further solidifying this corridor as the southside’s primary retail and daily-needs hub.
The site’s customer base is driven by Medicare and Medicaid-dependent consumers, producing resilient script volumes and necessity-based spending insulated from broader retail volatility. This stability — coupled with the corridor’s historical identity and ongoing adaptive reuse — underscores Walgreens’ long-term commitment to the Flint market.
Investment highlights
HISTORIC DORT MALL CORRIDOR ANCHOR
Situated along Flint’s South Dort Hwy retail corridor, historically anchored by the Dort Mall, this Walgreens benefits from the area’s long-standing identity as the southside’s primary retail hub. The mall’s adaptive reuse into discount, service, and entertainment tenants continues to generate traffic that stabilizes the corridor.
ESSENTIAL RETAIL POSITIONING | NECESSITY-BASED SPENDING
This store thrives on necessity-driven sales: recurring pharmacy scripts supported by Medicare/Medicaid and front-end demand largely backed by SNAP/EBT. Unlike discretionary retail, this Walgreens succeeds on resilient, non-cyclical consumer spending.
FREEWAY CONNECTIVITY | I-69 & I-475 ACCESS
The property sits less than one mile from both I-69 and I-475, positioning it with excellent commuter access and visibility. This strategic placement reinforces Dort Hwy’s role as a core artery linking downtown Flint to the southern suburbs.
DENSE POPULATION BASE | 140,000+ WITHIN 5 MILES
The surrounding community provides a dense consumer base with over 140,000 residents within five miles. Despite modest income levels, this density creates steady prescription demand and consistent daily-use traffic.
ABSOLUTE NNN LEASE | PASSIVE INVESTMENT
Walgreens operates on an absolute NNN lease with zero landlord responsibilities, providing a stable income stream with 5% rent increases at each option period. This passive structure makes the site attractive to 1031 and long-term yield-driven investors.
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