Walgreens
Saginaw | 7.00% CAP | 3,377 SqFt
Marketing description
ESTABLISHED WALGREENS | DIXIE HIGHWAY FRONTAGE | NECESSITY-BASED SOUTH SAGINAW LOCATION
TD Commercial Group is proud to present for sale a Walgreens (Corporate) located at 3730 Dixie Highway, Saginaw, MI, positioned along one of the city’s most established commuter and retail corridors. The property serves as the dominant pharmacy and convenience retailer for the surrounding southside neighborhoods, capturing consistent prescription and daily-use traffic from a loyal, necessity-driven consumer base.
This 3,377 SF building, originally constructed in 1990 and renovated in 2020, sits on a 0.52-acre parcel with direct visibility along Dixie Hwy (M-54), which sees 13,835+ vehicles per day. The site benefits from proximity to I-75, providing excellent connectivity to the broader Tri-Cities region, including Flint, Bay City, and Midland. Walgreens is surrounded by complementary daily-use retailers such as McDonald’s, Family Dollar, Dollar Tree, AutoZone, KFC, O’Reilly Auto Parts, and CubeSmart, reinforcing consistent cross-shopping patterns and ensuring durable retail traffic.
Walgreens operates under an Absolute NNN Lease with no landlord responsibilities, offering investors a fully passive income stream and predictable cash flow with 5% rent increases at each option period. The lease includes five (5) renewal options, demonstrating long-term corporate commitment to this trade area.
Supported by a dense residential population of over 140,000 residents within five miles, the location draws a mix of working-class families, senior residents, and commuter traffic — resulting in durable, necessity-driven revenue streams largely supported by Medicaid, Medicare, and routine healthcare spending.
Investment highlights
ESTABLISHED RETAIL CORRIDOR | DIXIE HIGHWAY FRONTAGE
Located along Dixie Hwy (M-54), one of Saginaw’s most established commuter and retail corridors, this Walgreens benefits from excellent visibility and accessibility. The property serves as the primary pharmacy and convenience retailer for the surrounding southside neighborhoods, capturing consistent daily-use traffic.
NECESSITY-DRIVEN CONSUMER BASE
The store is supported by a densely populated trade area that relies heavily on prescription and front-end spending driven by everyday household needs. With a customer base composed primarily of working-class and senior residents, sales are insulated from discretionary retail cycles.
SURROUNDED BY COMPLEMENTARY DAILY-USE RETAIL
Positioned within a neighborhood retail node that includes discount, grocery, auto parts, and QSR tenants, Walgreens benefits from strong cross-shopping and steady traffic patterns. This cluster of necessity retailers reinforces the corridor’s long-term retail viability.
PROXIMITY TO I-75 | REGIONAL CONNECTIVITY
Just minutes from the I-75 interchange, the site is easily accessible to commuters traveling between Saginaw, Flint, and the broader Tri-Cities region. The location’s visibility and connectivity ensure sustained local and regional customer flow.
ABSOLUTE NNN LEASE | PASSIVE INCOME STREAM
Walgreens operates on an absolute NNN lease with no landlord responsibilities, providing investors a fully passive income stream. The lease includes five renewal options with 5% rent increases, offering reliable cash flow growth and long-term stability.
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