Walgreens Drug Store with
For Sale
Contact for pricing
Pending
975 W South Airport Rd, Traverse City, MI 49686
Single-tenant retail property with a drive-through, ample parking, and an approximately nine-year remaining NNN lease term.
Property Size13,580 SF
Lot Size2.58 Acres
Days on Market141
Property Features for 975 W South Airport Rd
General Information
Standard status
Pending
Size
13,580 SF
Lot size
2.58 Acres
Property subtype
Retail
Additional Details
Drive-Thru
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield | Boerke
(608) 515-3383
Listed By:
Heather Dorfler · License #89977-94
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 6:48AM
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 Cushman & Wakefield | Boerke
Investment Insights
Based on property information with market context.
The property is a single-tenant Walgreens drug store occupying a 13,580-square-foot building on a 2.58-acre parcel. Improvements include a drive-through and ample parking. Walgreens has operated at the site for nearly 20 years, and the remaining NNN lease term is approximately 9 years.
Located at 975 W South Airport Road in Traverse City, Michigan, the property sits along a retail corridor. The offering is supported by corporate credit and is situated in a market with sub-2% retail vacancy.
Located at 975 W South Airport Road in Traverse City, Michigan, the property sits along a retail corridor. The offering is supported by corporate credit and is situated in a market with sub-2% retail vacancy.
Key Highlights
- Single‑tenant Walgreens drug store at 975 W South Airport Road
- 13,580‑square‑foot building on a 2.58‑acre parcel
- Approximately 9 years remaining on the NNN lease
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
209k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 18%
Superstores 18%
Groceries 8%
Big Lots
Superstores
37,283 visits/mo
0.2 miles
Shell
Shops & Services
18,854 visits/mo
0.5 miles
Taco Bell
Dining
18,195 visits/mo
0.5 miles
Gordon Food Service
Groceries
17,515 visits/mo
0.5 miles
Burger King
Dining
16,904 visits/mo
0.1 miles
Demographics for 49686, MI
25,859
Population
13,261
Households
2
Avg Household Size
45
Median Age
46%
College-Educated
95%
High-School Grad
47.3 sq mi
ZIP Area
547
Density / Sq Mi
$71,198
Median Household Income
$40,373
Median Earnings
$1,209
Median Rent
$295,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Ross T. Cook, RPh — 2772 Garfield Road North, Traverse City, MI 49686, Traverse City, MI 49686, United States
- Michigan Medical Supply, Traverse City, MI — 2915 N Garfield Rd Ste B, Traverse City, MI 49686
- Walgreens Pharmacy — 975 W South Airport Rd, Traverse City, MI 49686
- COVID-19 Drive-Thru Testing at Walgreens — 975 W South Airport Rd, Traverse City, MI 49686
- Kimberly Hines — 975 W South Airport Rd, Traverse City, MI 496864846
Frequently Asked Questions
What type of property is this?
Drug store - Single-tenant retail property with a drive-through, ample parking, and an approximately nine-year remaining NNN lease term.
Where is this drug store located?
The property is located at 975 W South Airport Rd Traverse City, MI.
What are key features of this property?
This property features: Single‑tenant Walgreens drug store at 975 W South Airport Road; 13,580‑square‑foot building on a 2.58‑acre parcel; Approximately 9 years remaining on the NNN lease
