Walgreens
8.50% CAP Walgreens | $7M+ Store Sales | 9 Years of Term
Marketing description
Landmark Investment Sales is pleased to exclusively present the single-tenant, net-leased Walgreens located in Houghton, Michigan. This asset represents a rare opportunity to acquire the only national pharmacy within a 100-mile radius and serves as the primary healthcare and retail destination for the Keweenaw Peninsula and Northwest Upper Peninsula. Positioned on a high-visibility hard corner, the 2015-constructed property benefits from over nine years remaining on the primary lease term and reports strong store sales, reinforcing its dominance in a market with no direct national pharmacy competition. Offered at an attractive price point, this investment combines strong real estate fundamentals, a mission-critical location, and long-term, corporate-backed income.
Investment highlights
- Only National Pharmacy Chain in 100-Mile Radius
- Strong Store Sales – Over $7M Reported Annually
- Excellent Rent/Sales Ratio
- 9+ Years of Primary Term Remaining
- 2015 Construction
- Hard Corner Location / High Visibility
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