Walgreens
CONTACT US REGARDING THIS LISTING
PROPERTY ADDRESS
2643 Kalamazoo Ave. SE, Grand Rapids, MI 49507
PROPERTY INFORMATION
Price:
$5,878,288
Cap Rate:
6.25%
Term Remaining:
12+ years Years
Year Built:
2005
INVESTMENT HIGHLIGHTS
- NNN Lease with No Landlord Responsibilities
- Guaranteed Lease | S&P Rating “BBB”
- Very Healthy Store Sales Reporting
INVESTMENT SUMMARY
Fortis Net Lease is pleased to present a Walgreens located at 2643 Kalamazoo Avenue in Grand Rapids, MI. This NNN lease has no landlord responsibilities and there are approximately twelve years remaining on the initial term. The lease has a corporate guarantee which has an investment grade S&P “BBB” rating.
The subject property is in a densely populated area with over 273,900 residents within five miles. The median home value within one mile exceeds $144,000 and the average household income within three miles exceeds $63,000. The subject property is located near other national retail ten-ants including Meijer, Dollar Tree, CVS, Sav-a-Lot, AutoZone, Buffalo Wild Wings, Aldi and Family Dollar.