1019 E Main St
Owosso, MI 48867
Walgreens in Owosso, MI · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Walgreens Co. (NASDAQ: “WBA”) is rated “BBB” investment grade by Standard & Poor’s - over $148.5 billion in annual revenue and market cap of $41.82 B
- Strategic Location with Limited Competition – only Walgreens in the city of Owasso with only 1 other national pharmacy chain in a one-mile radius.
- Long-Term Historical Tenancy– Walgreens has successfully operated at subject property for almost a decade.
- Corporate Backed Long-Term Lease – Walgreens signed a 25-year lease, which commenced in 2008, leaving approximately 10.75 years on the lease term
- Absolute NNN Lease Structure – Zero landlord responsibilities for operating or capital expenses.
- Walgreens is ranked #45 on the 2022 Fortune 500 list – over 9,000 stores and 258,500 employees operating in all 50 states.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,820 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.77 AC
Zoning
B2
AMENITIES
- 24 Hour Access
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 007-18-400-018-01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $929,400 |
