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Walgreens 1001 E M-21 14,820 SF Retail Building Owosso, MI 48867 $3,987,000 ($269.03/SF) 7.75% Cap Rate
Investment Highlights
- The property offers an Absolute NNN Lease with NO Landlord Obligations, making it an appealing investment opportunity
- Boasting a 14,820 SF free-standing building constructed in 2008, the property currently maintains 100% occupancy
- Corporate Guarantee - Backed by Walgreens Boots Alliance, a Fortune 500 Company with Over 8,500 Locations Nationwide
- Situated in a prime retail location,the modern and well-maintained building provides immediate income potential and a long-term investment opportunity
Executive Summary
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,820 SF
Building Class
B
Year Built
2008
Price
$3,987,000
Price Per SF
$269.03
Cap Rate
7.75%
NOI
$309,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.77 AC
Zoning
B2 - Planned Shopping Center District
Amenities
- 24 Hour Access
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 007-18-400-018-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $933,100 |
Property Taxes
Parcel Number
007-18-400-018-01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$933,100
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Walgreens | 1001 E M-21
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