Cheboygan, MI Walgreens

Investment Overview

SVN / Investment Property Advisors is pleased to present this large quality build to suit long-term NNN leased Walgreens with drive-thru on nearly 2 acres and just a quarter mile from McLaren Northern Michigan medical center and across from Cheboygan County Courthouse. Located at signalized intersection on primary commercial corridor (S. Main or M-27) with lots of nearby national retail including a Walmart Supercenter and Family Fare across the street. There are no CVS Pharmacy, Rite Aid or other Walgreen's competition within 30 miles.

Investment Highlights

• Price Reduced to High 10.0% Cap Rate
• Absolute Net Lease to February, 2032
• Zero Landlord Responsibilities
• High Visibility Signalized Location on Main Street (M-27)
• Next to McLaren Medical Center
• Freestanding building with Drive-Through
• Walgreens corporate guaranty
• Potentially Assumable Loan