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Freestanding Retail Building with NNN
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1001 E M 21, Owosso, MI 48867

2008-built freestanding retail building with 100% occupancy under an Absolute NNN lease with no landlord obligations.

Property Size14,820 SF
Days on Market88

Property Features for 1001 E M 21

General Information

Standard status Active
Size 14,820 SF
Property subtype Retail
Occupancy 100%

Building Details

Year Built 2008
Buildings 1
Tenancy Single Tenant
Listing Agency: APEX Commercial Real Estate Advisors
Listed By: Ayson Shammami · License #6502433307
Source: Cpix.resimplifi
Added: Jun 9 Changed: Aug 8 Last Checked: Sep 4 at 2:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of APEX Commercial Real Estate Advisors

Investment Insights

Based on property information with market context.

Constructed in 2008, this 14,820 SF freestanding retail building is currently 100% occupied. The property is offered with an Absolute NNN lease with no landlord obligations. Corporate guarantee is backed by Walgreens Boots Alliance, a Fortune 500 company with over 8,500 locations nationwide.

Located at 1001 E M 21 in Owosso, Michigan, the building offers strong day-to-day customer convenience with ample parking and high-visibility signage. The asset is described as having attractive curb appeal and a versatile layout intended to support various retail uses.

For investors seeking retail income supported by tenant stability, the offering highlights the building’s modern condition and ongoing occupancy performance.

Key Highlights

  • 2008‑built, free‑standing 14,820 SF retail building in Owosso, MI
  • Currently 100% occupied with an Absolute NNN lease and no landlord obligations
  • Corporate guarantee in place backed by Walgreens Boots Alliance (Fortune 500)

Property Analytics

Current Use

Walgreens Pharmacy Walgreens Photo (Bike/Boat/Book/etc) Store FedEx OnSite Postal Service Walgreens Pharmacy Pharmacy Redbox Cinema

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Restaurant HVAC Service Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

284
Businesses Nearby
Well-served
Demand for This Use

Demographics for 48867, MI

27,596
Population
12,660
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
136.0 sq mi
ZIP Area
203
Density / Sq Mi
$58,718
Median Household Income
$37,908
Median Earnings
$834
Median Rent
$145,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Heather A. Balzer, PharmD 1002 E M 21, Owosso, MI 48867
  • Andrew V. Young, RPh 1002 E M 21, Owosso, MI 48867
  • Matthew O'bryant 1002 E M 21, Owosso, MI 488679007
  • Aimee Pohlman 1002 E M 21, Owosso, MI 488679007
  • Walgreens Pharmacy 1001 E M 21, Owosso, MI 48867

Frequently Asked Questions

What type of property is this?
Drug store - 2008-built freestanding retail building with 100% occupancy under an Absolute NNN lease with no landlord obligations.
Where is this drug store located?
The property is located at 1001 E M 21 Owosso, MI.
What are key features of this property?
This property features: 2008‑built, free‑standing 14,820 SF retail building in Owosso, MI; Currently 100% occupied with an Absolute NNN lease and no landlord obligations; Corporate guarantee in place backed by Walgreens Boots Alliance (Fortune 500)
More about this property
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