1841 N Michigan Ave | Saginaw, MI 48602
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- LoopNet Team
1841 N Michigan Ave
Saginaw, MI 48602
Retail Property For Sale
Investment Highlights
- New 2,559 SF "Cooper Style" Walgreen's with a drive thru.
- Walgreens Boots Alliance (NASDAQ: WBA) has a long-term stable credit rating of Baa2 (Stable) from Moody’s.
- The lease provides Walgreen's with 4 x 5-year options with 5% rent increases for each option.
- Store relocation site from immediate area – Established customer base.
- New 10-year lease with rent expected to commence in Q2 of 2023.
- NNN lease with minimal landlord responsibilities.
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
2,559 SF
Building Class
C
Year Built/Renovated
2021/2022
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.42 AC
Zoning
RM-U
Parking
38 Spaces (14.85 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 91400929000000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $138,300 |
Property Taxes
Parcel Number
91400929000000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$138,300
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