Central Michigan Walgreens CMU (15K Students) 903 N Mission St 13,484 SF Retail Building Mount Pleasant, MI 48858 $3,989,473 ($295.87/SF) 9.50% Cap Rate

We are pleased to market for sale the Walgreens property located at 903 N Mission St, Mt Pleasant, MI 48858 ("The Property"). Walgreens has been operating at the site for 17 years and has approximately 9 years of firm term remaining before the option periods. Walgreens operates under a absolute triple net lease, which provides for no landlord obligations whatsoever.

Less than one mile from the Property, McLaren Central Michigan Hospital is the primary healthcare provider in the region. This 118-bed, CMS 5-star-rated acute care hospital provides comprehensive services to Mount Pleasant, Isabella County, and surrounding areas, further supporting demand for pharmacy and healthcare services in the immediate vicinity.

Located just 1 mile south of the Property, Central Michigan University is one of the largest universities in the state, enrolling over 15,000 full-time students. As one of the city’s major employers, CMU provides a steady base of year-round foot traffic from students, faculty, staff, and visitors.

The Property is positioned at the signalized hard-corner of N Mission Street and Pickard Street, one of the most highly trafficked intersections in Mount Pleasant, with a combined 28,400 vehicles per day. The site also benefits from its proximity to the Michigan-127 interchange, which connects Mount Pleasant to Lansing and the greater central Michigan region, with over 20,000 vehicles daily. The Property also benefits from nearby Soaring Eagle Casino & Resort, a major economic and entertainment anchor in Mount Pleasant.
Listed in conjunction with Brian Brockman, Bang Realty - Michigan Inc, 513-898-1551, wg@bangrealty.com, MI DRE Lic. 6502428679.