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950 S Centerville Rd
Sturgis, MI 49091
NNN Walgreens -- Higher Yield and Lower Rent · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2005
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.56 AC
Zoning
CM - Commercial Medium Format
Parking
58 Spaces (3.91 Spaces per 1,000 SF Leased)
Frontage
125’ on S. Centerville

ABOUT 950 S CENTERVILLE RD , STURGIS, MI 49091

This prototypical freestanding Walgreens with drive-thru sits on a true hard corner in the middle of a retail trade corridor that is anchored by a Walmart Supercenter, Meijer grocery supercenter, and Kroger grocery store. Other national retailers in trade area include: GameStop, Applebee’s Grill & Bar, Great Clips, Dollar Tree, O’Reilly Auto Parts, Travelodge, Buffalo Wild Wings, KeyBank, Family Dollar, Taco Bell, Wendy’s, Pizza Hut, KFC, McDonald’s, Tractor Supply Company, Burger King. Perhaps the most compelling aspect of this investment opportunity, is the lack of competition from CVS/pharmacy and the spacing relative to other Walgreens locations. The closest CVS is located 10 miles away in Lagrange, Indiana. The closest Walgreens is located 15 miles away in Three Rivers, Michigan. The Rite Aid location in town is located 0.7 miles north of the Walgreens, but is really outside the main retail trade corridor. As such, we’d expect Walgreens to close the Rite Aid location and transfer prescriptions to this Walgreens, boosting sales and profitability for the subject property.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
052-640-052-00
Land Assessment
$25,900
Improvements Assessment
$1,234,000
Total Assessment
$1,259,900
  • Listing ID: 13115785

  • Date on Market: 7/10/2018

  • Last Updated:

  • Address: 950 S Centerville Rd, Sturgis, MI 49091

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