4365 Lake Michigan Dr NW
Grand Rapids, MI 49534
Retail Property For Sale
Investment Highlights
- 4-Way Hard Corner Intersection Located Across the Street from a Meijer Store
- Double Drive Thru
- This Location is Well Positioned along Two Heavily Traveled Thoroughfares within the Dominant Retail Corridor in the Area
Property Facts
Amenities
- Pylon Sign
- Signage
- Drive Thru
About 4365 LAKE MICHIGAN DR NW , GRAND RAPIDS, MI 49534
CBRE Southfield is pleased to offer for sale the fee simple interest in a freestanding Walgreens pharmacy located in the Grand Rapids Sub-Market in Walker, MI on the western side of the City of Grand Rapids. The property is strategically located on the corner of two heavily traveled thoroughfares; Lake Michigan Ave. and Wilson. The building is on a 1.54-acre parcel of land and is improved with a 14,820-square foot retail pharmacy which includes a double drive through. Walgreens has had a presence at this intersection for approximately 26 years. Walgreens relocated to this location 10 years ago based on its favorable access, after being located caddy corner for 16 years. Walgreen Co. signed a 75-year lease in August of 2009 at this location. Additionally, Walgreens has termination rights beginning on the last day of the 300th full calendar month of the Term (August of 2034). The lease is Absolute NNN with the tenant responsible for all repairs, maintenance, as well as replacement costs associated with the leased premises. The property is subject to a Declaration of Easements, Covenants, Conditions, and Restrictions, which will be made available upon request. Sales figures also available upon request.
Property Taxes
| Parcel Number | 41-13-19-451-039 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,712,400 |
Property Taxes
