2506 Niles Ave
Saint Joseph, MI 49085
CVS Pharmacy · Retail Property For Sale

The Jonna Group of Marcus & Millichap is pleased to present the exclusive listing for a 2015 construction fee-simple CVS Pharmacy located in St. Joseph, Michigan. CVS Pharmacy has over 22 years remaining that includes three five-year options. The CVS offering also includes ideal rent increases every five years in the option periods and is paying well below market rents. The investment presents an ideal community for drug store patrons and offers a corporate guarantee from CVS Health Corporation, the largest pharmacy chain in the United States that has a Standard and Poor’s BBB Rating. The subject property is located in the central retail corridor of Saint Joseph, on the signalized hard corner of Niles Avenue and Napier Avenue. The investment offers ingress/egress to both Napier and Niles Avenues. The detailed architecture mimics the historical look and feel of downtown Saint Joseph. The subject site is located within minutes to Lakeland Medical Center campus. Lakeland Health System has received a number of accreditations. The subject property is located just minutes away from Whirlpool Corporation World Headquarters, an American multinational Fortune 500 manufacturer and marketer of home appliances with over 92,000 employees. St. Joseph is carefully nestled on the southern tip of what has been termed the Riviera of the Midwest. This deep water port town is a growing resort community - part of a small town chain stretching from the state line in a spectacular arc along Lake Michigan. The lakeshore is peppered with remarkable sand dune formations and lined further inland with a lush countryside that produces some of the nation's finest orchards and vineyards. It is the largest non-citrus fruit growing region in the nation. Located just 90 miles from downtown Chicago, St. Joseph is a quaint community situated within the larger Benton Harbor/St. Joseph MSA. The city of St. Joseph has continually operated at full economic capacity.