Drug Store with
For Sale
Contact for pricing
Pending
1022 W Genesee St, Lapeer, MI 48446
Built-to-suit Rite Aid facility featuring drive-thru service and a ground lease structure with no landlord operating responsibilities.
Property Size14,710 SF
Lot Size1.32 Acres
Days on Market143
Property Features for 1022 W Genesee St
General Information
Standard status
Pending
Size
14,710 SF
Lot size
1.32 Acres
Property subtype
Retail
Additional Details
Drive-Thru
Yes
Building Details
Year Built
2008
Buildings
1
Listing Agency:
Matthews
Listed By:
Rob Goldberg · License #OH - 2018005194
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 11:21PM
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 Matthews
Investment Insights
Based on property information with market context.
This 14,710 SF Rite Aid facility was constructed as a build-to-suit in 2008 on a 1.32-acre parcel. The property includes drive-thru service and is subject to a ground lease that places responsibility for taxes, insurance, and building maintenance with the tenant rather than the landlord.
The lease has 11.5 years remaining and includes eight five-year extension options. An early five-year extension has also been agreed to without changing the rent level, and the first option period provides for a 9% increase. The property occupies the signalized intersection of W. Genesee Street and S. Main Street, along Lapeer's primary east-west thoroughfare. Nearby retailers include Walmart, Meijer, Home Depot, Marshalls, ALDI, and Tractor Supply. McLaren Lapeer Region Hospital, with 222 beds, a Level II Trauma designation, and a 29-bed emergency center, is also identified nearby.
The lease has 11.5 years remaining and includes eight five-year extension options. An early five-year extension has also been agreed to without changing the rent level, and the first option period provides for a 9% increase. The property occupies the signalized intersection of W. Genesee Street and S. Main Street, along Lapeer's primary east-west thoroughfare. Nearby retailers include Walmart, Meijer, Home Depot, Marshalls, ALDI, and Tractor Supply. McLaren Lapeer Region Hospital, with 222 beds, a Level II Trauma designation, and a 29-bed emergency center, is also identified nearby.
Key Highlights
- 14,710 SF Rite Aid facility on a 1.32‑acre parcel
- 2008 build‑to‑suit construction with drive‑thru service
- Ground lease assigns taxes, insurance, and building maintenance to the tenant
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
317k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Apparel 15%
Home Improvements & Furnishings 15%
Groceries 11%
Kohl's
Apparel
42,292 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
39,353 visits/mo
0.3 miles
Kroger
Groceries
36,312 visits/mo
0.4 miles
McDonald's
Dining
35,491 visits/mo
0.3 miles
Tim Hortons
Dining
19,560 visits/mo
0.4 miles
Demographics for 48446, MI
30,788
Population
12,797
Households
2.4
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
121.9 sq mi
ZIP Area
253
Density / Sq Mi
$66,382
Median Household Income
$40,263
Median Earnings
$976
Median Rent
$206,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- CVS Pharmacy — 1555 demille rd, lapeer, mi 48446
- Meijer Pharmacy — 1555 Demille Rd, Lapeer, MI 48446
- Kroger Pharmacy — 540 S Main St, Lapeer, MI 48446
- Walgreens Pharmacy — 571 S Main St, Lapeer, MI 48446
- Linda Wood — 571 S Main St, Lapeer, MI 484462466
Frequently Asked Questions
What type of property is this?
Drug store - Built-to-suit Rite Aid facility featuring drive-thru service and a ground lease structure with no landlord operating responsibilities.
Where is this drug store located?
The property is located at 1022 W Genesee St Lapeer, MI.
What are key features of this property?
This property features: 14,710 SF Rite Aid facility on a 1.32‑acre parcel; 2008 build‑to‑suit construction with drive‑thru service; Ground lease assigns taxes, insurance, and building maintenance to the tenant
