2101 Ashmun St | Sault Sainte Marie, MI 49783
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2101 Ashmun St
Sault Sainte Marie, MI 49783
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Walgreens has a 30+ year operating history and is signing a new, 15-year absolute NNN lease with 5% rent increases showing their commitment to the loc
- The property is at the intersection of I-75 and Marquette Avenue, with traffic counts in excess of 25,500 vehicles per day
- Investors can depreciate the building due to fee simple ownership. Rental increases in initial term & option periods provide a hedge against inflation
- Absolute Net Lease: Allows for a true, passive investment with no management required
- This Walgreens is located among numerous national retailers including Holiday Inn, Family Dollar, Dairy Queen, U-Haul, Taco Bell, Rite Aid, etc.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,820 SF
Building Class
C
Year Built
2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.98 AC
Zoning
B3
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 051-182-001-00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $958,200 |
PROPERTY TAXES
Parcel Number
051-182-001-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$958,200
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