Walgreen's 4157 Red Arrow Hwy 2,500 SF Retail Building Stevensville, MI 49127 $1,771,428 ($708.57/SF) 7% Cap Rate

BRAND NEW 2021 WALGREENS | AFFLUENT MICHIGAN LAKESHORE MARKET | HEALTHCARE & RETIREMENT DRIVEN DEMAND
TD Commercial Group is pleased to offer for sale a newly constructed Walgreens (Corporate) located at 4157 Red Arrow Hwy, Stevensville, MI, in one of Southwest Michigan’s most desirable and affluent suburban markets. This absolute NNN lease provides investors with passive, stable income backed by a nationally recognized tenant and a long-term commitment to the trade area.
Completed in 2021, this modern build-to-suit reflects Walgreens’ latest prototype, strategically positioned along Red Arrow Highway, the region’s main arterial paralleling I-94. The property benefits from high visibility and strong traffic counts, connecting Benton Harbor, St. Joseph, and New Buffalo. The surrounding Lakeshore trade area boasts average household incomes exceeding $100,000 within three miles, driven by affluent homeowners and a growing retiree population.
The store’s success is anchored by proximity to Corewell Health Lakeland Hospital (300 beds) and multiple senior living communities, creating a durable, healthcare-driven customer base. Seasonal tourism and retirement migration to Michigan’s “Sunset Coast” further strengthen prescription and convenience sales, providing long-term insulation from retail volatility.