- For Sale $4,827,586
- Property Type Retail - Street Retail
- Property Size 14,550 SF
- Lot Size 1.44 Acre
- Property Tenancy Single Tenant
- Year Built 2015
- Date Updated Jan 23, 2025
Reach out to the broker for more info on lease terms and amenities
Highlights
- Absolute Net Lease | Zero Landlord Responsibilities | Passive Investment
- 10+ Years Remaining on Original 20-Year Lease W/ 11, 5-Year Options
- Prototypical Free-Standing Walgreens W/ Drive-Thru On 1.44 Acres
- Close Proximity to Michigan Technological University (2.1 Miles Away) - Over 7,300 Students
- Corporate Guarantee | 6.2% Revenue Growth for Fiscal Year Ending 8/31/24 Reaching $147.7 Billion
- Above Average Store Sales (Inquire W/ Agent for More Details)
- Excellent Visibility Along W Memorial Drive With 21,888 VPD+
- 5-Mile Population: 20,064 | 1-Mile Household Income Exceeds $90,493
- Limited Drug-Store Competition - Only Walgreens/CVS In a 50-Mile Radius
- Surrounded by Major Retailers: Walmart, Tractor Supply Co, Harbor Freight, Dollar Tree, Applebee's, O'Reilly Auto Parts, Advance Auto Parts, Pizza Hut, Dairy Queen, Culver's, Goodwill, Burger King, Taco Bell, McDonald's and Many More
False
Contacts
Location
Getting Around
-
Walk Score ®
46/100 Car-Dependent -
Bike Score ®
55/100 Bikeable
- City Houghton, MI
- Zip Code 49931
Points of Interest
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Shell
0.14 miles
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Murphy USA
0.27 miles
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Mobil
0.67 miles
-
Freedom Station Store
0.93 miles
-
Krist
1.01 miles
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Holiday
1.07 miles
-
BP
1.12 miles
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Visitor Parking
1.82 miles
-
Parking Meters
1.87 miles
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Maasto Hiihto Trailhead Parking
2.40 miles
-
Churning Rapids Trailhead parking
4.55 miles
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Houghton-Douglass Falls Parking
9.88 miles
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Pizza Hut
0.06 miles
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Taco Bell
0.08 miles
-
Dairy Queen
0.09 miles
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Culver's
0.09 miles
-
Burger King
0.10 miles
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Border Grill
0.13 miles
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KFC
0.13 miles
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McDonald's
0.15 miles
-
Subway
0.16 miles
-
Ming's Asian Bistro
0.17 miles
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Tadych's Marketplace Foods
0.21 miles
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Walmart Supercenter
0.38 miles
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Portage Plaza
0.52 miles
-
Festival Foods
0.57 miles
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Copper Country Mall
0.66 miles
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Pat's Foods IGA
1.36 miles
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Keeweenaw Co-op Natural Food Store
1.58 miles
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Jim's Food Mart
1.65 miles
-
Louie's Fresh Markets
9.75 miles
Frequently Asked Questions
The space currently listed for sale at Walgreens asks for $4,827,586.
Walgreens totals 14,550 square feet.
Walgreens was built in 2015.
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Encore Real Estate Investment Services