For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

1710 West John Beers Road Stevensville, MI 49127

Sponsored
For Sale
$4,319,527

Stevensville, MI: NNN Lease, Strong Tenant

Property size:
14,820 SF

Description

Added:
Jan 24, 2025
Days on Market:
347
This exceptional investment opportunity presents a well-established Walgreens located at 1710 West John Beers Road, Stevensville, Michigan, 49127. The property boasts a 14,820 square foot building situated on a 2.06-acre lot. This is an absolute triple-net (NNN) lease with zero landlord obligations, providing a passive income stream. The lease is corporately guaranteed by Walgreens (NASDAQ:WBA), mitigating risk. The current lease term extends beyond eight years, and includes fifty (50) year options with twelve-month cancellation rights. The strategic location at the signalized intersection of West John Beers Road and Cleveland Avenue ensures high visibility, with a daily traffic count of 7,495 vehicles. The property benefits from its proximity to Lakeshore High School (872 students) and Lakeshore Middle School (619 students), creating a consistent customer base. The asking price is $4,319,527, representing a compelling investment in a stable, high-traffic area. The property's strong tenant, long-term lease, and prime location make it an attractive addition to any investment portfolio. This is a rare opportunity to acquire a well-performing Walgreens location with significant long-term potential. The net operating income is $365,000.

Property Features for 1710 West John Beers Road

General Information

Property type
Other retail properties
Square Feet
14,820 SF
Price / Square Foot
$291
Elevators
N/A
Lot Size
89,734 SF
Net Operating Income
$365,000

Building Details

Buildings
1
Stories
1
Units
1

HighLights

  • Exceptional Walgreens location in Stevensville, MI, offering a strong, stable investment.
  • NNN lease with zero landlord responsibilities and corporate guarantee.
  • High‑traffic intersection (7,495 VPD) near two schools, ensuring consistent customer flow.
Location Intelligence

Current Use by Public Records

Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy Walgreens Drug Store COVID-19 Drive-Thru Testing ... Medical Laboratory Labcorp at Walgreens Medical Laboratory

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Stevensville
State
Michigan
Longitude
-86.495496
Latitude
42.014079

FAQs

What type of property is this?
Other retail property - Stevensville, MI: NNN Lease, Strong Tenant
Where is this other retail property located?
The property is located at 1710 West John Beers Road Stevensville, MI.
What is the asking price?
The asking price for this property is $4,319,527.
What are key features of this property?
This property features: Exceptional Walgreens location in Stevensville, MI, offering a strong, stable investment.; NNN lease with zero landlord responsibilities and corporate guarantee.; High-traffic intersection (7,495 VPD) near two schools, ensuring consistent customer flow.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message