Walgreens: Fremont, MI
Retail | 7.65% CAP | 13,547 SqFt
Marketing description
CBRE is pleased to exclusively offer for sale the 13,547-square-foot Walgreens situated on 2.00 acres in Fremont, MI - a component of the Grand Rapids–Wyoming–Kentwood, MI MSA (Population: 1.17M+).
Investment highlights
Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.3 years of primary term remaining with eleven, 5-year options to renew.
The property is located with access and visibility along West Main Street (13,738 VPD), which is the main retail artery in Fremont.
Walgreens is surrounded by 1.1 MSF of retail within a 3-mile radius. Retailers with a presence in the immediate area include Walmart Supercenter, Mejier, ALDI, Family Farm & Home, Anytime Fitness, Tractor Supply Co., Dunham’s Sports, Ace Hardware, Goodwill, Rent-A-Center, Dollar Tree, Family Dollar, O’Reilly Auto Parts, Advance Auto Parts, McDonald’s, Taco Bell, Burger King and a Chevrolet dealership, to name a few.
The site is immediately west of the Gerber/Nestlé’s Fremont campus, which is the original and primary manufacturing hub of the Gerber baby food brand, now part of Nestlé Nutrition. The campus houses the original Gerber factory, a Nestlé Research & Development Center and multiple corporate and operational offices. Gerber has invested $36 million into upgrading and expanding the Fremont manufacturing campus, and serves as one of the largest employers in the area and provides hundreds of local jobs.
The Grand Rapids–Wyoming–Kentwood, MI MSA (Population: 1.17M+) is a thriving West Michigan region anchored by Grand Rapids, known for its strong economy, diverse job market—especially in healthcare and manufacturing—and high quality of life.
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