1550 36th St SW | Wyoming, MI 49509
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- LoopNet Team
1550 36th St SW
Wyoming, MI 49509
Walgreens | Grand Rapids MSA | NNN | 12.5 Yrs · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STABLE INCOME - Income guaranteed by Walgreens corporate (S&P BBB-) investment grade Top 20 Fortune 500 Company with over 9,200 locations.
- ROBUST EMPLOYMENT BASE WITHIN MEDICAL INDUSTRY – Numerous hospitals and medical employers within a 10-mile radius.
- INFILL GRAND RAPIDS MSA LOCATION - Substantial demos with a population of ± 240,973 residents and above average HH income of $66,818 in a 5-mi radius.
- 12.5 YRS REMAINING ON ABSOLUTE NET LEASE - The lease has over 12.5 yrs. remaining on an absolute net lease with no landlord responsibilities.
- NEIGHBORHOOD STORE WITH OVER 35,500 HOUSEHOLDS IN A 3 MILE RADIUS – Subject property is surrounded by residential neighborhoods of single-family homes
- ONE MILE FROM SR-131 LEADING TO GRAND RAPIDS WITH 111,012 VPD - Located at corner of 36th St. & Burlingame Ave. with a combined traffic of 36,651.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,418 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
1.21 AC
Zoning
B-1 - Commercial district zone
Parking
91 Spaces (6.31 Spaces per 1,000 SF Leased)
Frontage
255’ on 36th St
AMENITIES
- Drive Thru
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 41-17-23-101-053 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $949,300 |
PROPERTY TAXES
Parcel Number
41-17-23-101-053
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$949,300
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