Walgreens
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Robert Bender

Managing Partner

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PROPERTY ADDRESS

5703 S. Saginaw Road, Grand Blanc, MI 48507

PROPERTY INFORMATION

Price:
$4,615,344
Cap Rate:
6.25%
Term Remaining:
11+ years Years
Year Built:
1998
Status:
Available

INVESTMENT HIGHLIGHTS

  • 13,905 SF Walgreens Store Situated on .39 Acre Parcel
  • NN Lease with Minimal Landlord Responsibilities
  • Recent 10 Year Lease Extension Shows Commitment to the Site
  • Guaranteed Lease | S&P Rating “BBB” | Investment Grade

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present a Walgreens located at 5703 S. Saginaw Road in Grand Blanc, MI. This NN lease has minimal landlord responsibilities and there are approximately eleven years remaining as the tenant recently extended the lease for ten years. There are eight, five year options and the lease has a corporate guarantee.

The subject property is in a densely populated area with over 101,000 residents within five miles. The median home value within three miles exceeds $99,000 and the average household income within one mile exceeds $62,000. The subject property is located near other national retail tenants including Walmart, Sam’s Club, Midas, PetSmart, Panera Bread, Kohl’s, Staples, Subway, AutoZone and Dollar General.