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CVS Pharmacy - St. Joseph, MI 2506 Niles Ave 13,413 SF Retail Building Saint Joseph, MI 49085 $4,821,000 ($359.43/SF) 6.75% Cap Rate
EXECUTIVE SUMMARY
- 15.7 YEARS OF FIRM TERM REMAINING | 2015 CONSTRUCTION | FIXED RENTAL INCREASES AT EACH OPTION (SEE RR ON PG. 12) | NN LEASE WITH MINIMAL LANDLORD RESPONSIBILITIES
- HIGHLY VISIBLE & EASILY ACCESSIBLE LOCATION | HIGH TRAFFIC RETAIL CORRIDOR ALONG HWY 63 / NILES AVE. 15,166 VPD | LOCATED AT THE SIGNALIZED INTERSECTION OF NAPIER AVE & HWY 63 (26,635 VPD) | 0.28 MILES WEST OF THE 596 BED COREWELL HEALTH LAKELAND HOSPITALS - ST. JOSEPH HOSPITAL & LAKELAND MEDICAL CENTER - EMERGENCY ROOM COMPLEX
- DENSE & STABLE DEMOGRAPHICS (49,297 RESIDENTS WITH AN AVERAGE HOUSEHOLD INCOME OF $83,014 WITHIN 5 MILES) | “RIVIERA OF THE MIDWEST” LOCATION | DENSE RETAIL CORRIDOR ALONG HWY 63 / NILES AVE. 15,166 VPD | 0.8 MILES FROM WHIRLPOOL CORPORATION’S ST. JOSEPH MANUFACTURING FACILITY, WHICH IS THE LARGEST EMPLOYER (~4,000 EMPLOYEES) IN ST. JOSEPH
PROPERTY FACTS
MAJOR TENANTS
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- INDUSTRY
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- RENT/SF
- LEASE END
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- Retailer
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CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 11-76-3000-0002-00-8 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $834,000 |
PROPERTY TAXES
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CVS Pharmacy - St. Joseph, MI | 2506 Niles Ave
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