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Walgreens: Fremont, MI 819 W Main St 13,547 SF Retail Building Fremont, MI 49412 $3,233,800 ($238.71/SF) 7.65% Cap Rate

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Investment Highlights

Absolute NNN Lease
Immediately west of the Gerber/Nestlé’s Fremont campus

1.1 MSF of retail within a 3-mile radius

Executive Summary

Originally set to expire in 2034, Walgreens’ absolute NNN lease was extended through 2038 and now features ±12.3 years of primary term remaining with eleven, 5-year options to renew. The property is located with access and visibility along West Main Street (13,738 VPD), which is the main retail artery in Fremont. Walgreens is surrounded by 1.1 MSF of retail within a 3-mile radius. Retailers with a presence in the immediate area include Walmart Supercenter, Meijer, ALDI, Family Farm & Home, Anytime Fitness, Tractor Supply Co., Dunham’s Sports, Ace Hardware, Goodwill, Rent-A-Center, Dollar Tree, Family Dollar, O’Reilly Auto Parts, Advance Auto Parts, McDonald’s, Taco Bell, Burger King and a Chevrolet dealership, to name a few.