Drug Store with
1420 Wright Avenue Alma, MI 48801
1420 Wright Avenue, Alma, MI, 48801
$2,600,000
For Sale
$2,600,000
Former national chain drug store with drive-through, ADA features, and an NNN lease remaining through 2032.
Property Size15,000 SF
Price / SF$173.33
Days on Market791
Property Features for 1420 Wright Avenue
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2005
Listing agency
43 NORTH REALTY
(989) 330-4037
Listed by
Micah Kemler · License #6502426111
(989) 330-4037
Source
Carolbollo
Added: May 24, 2024 Updated: Jul 22 at 3:48PM Checked: Jul 22 at 3:48PM
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 43 NORTH REALTY
Investment Insights
Based on property information with market context.
Former national chain drug store building offering a drive-through area and an adaptable interior “blank slate” for a new tenant or operator. The property includes a fully installed fire suppression system and ADA-compliant bathrooms, doors, and main level entrances. Receiving is supported by roll-up outside doors, and security is provided by a Bosch commercial alarm/burglary protection system.
The property is located at 1420 Wright Avenue in Alma, Michigan on a busy corner in Gratiot County. It is less than a block from the Masonic Home and MyMichigan Medical Center Alma Hospital, supporting strong visibility to both foot and vehicle traffic.
For buyers and tenants evaluating an NNN structure, the current lease is described as transferrable for the remaining 8 years of a 25-year term, with an end date of 2032. Potential uses noted include retail, medical facility, office space, supermarket, and fitness center.
The property is located at 1420 Wright Avenue in Alma, Michigan on a busy corner in Gratiot County. It is less than a block from the Masonic Home and MyMichigan Medical Center Alma Hospital, supporting strong visibility to both foot and vehicle traffic.
For buyers and tenants evaluating an NNN structure, the current lease is described as transferrable for the remaining 8 years of a 25-year term, with an end date of 2032. Potential uses noted include retail, medical facility, office space, supermarket, and fitness center.
Key Highlights
- Almost 15,000 SF former national chain drug store built in 2005
- Transferrable NNN lease with 8 years remaining on a 25‑year term, ending in 2032
- Drive‑through pharmacy area for customer service and business traffic flow
Property Analytics
Location Intelligence
Current Use by Public Records
LibertyX Bitcoin ATM
Atm
Redbox
Cinema
Western Union
Bank
COVID-19 Drive-Thru Testing ...
Pharmacy
FedEx OnSite
Postal Service
Similar For Sale Nearby
Similar Off Market Nearby
- Rite Aid Pharmacy — 1341 Wright Ave, Alma, MI 48801
- COVID-19 Drive-Thru Testing at Walgreens — 1420 Wright Ave, Alma, MI 48801
- Genoa Healthcare — 608 Wright Ave Room 106, Alma, MI 48801
- Cara Waite — 1341 Wright Ave, Alma, MI 488011134
- Andrew Johnson — 1420 Wright Ave, Alma, MI 488011018
FAQs
What type of property is this?
Drug store - Former national chain drug store with drive-through, ADA features, and an NNN lease remaining through 2032.
Where is this drug store located?
The property is located at 1420 Wright Avenue Alma, MI.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: Almost 15,000 SF former national chain drug store built in 2005; Transferrable NNN lease with 8 years remaining on a 25‑year term, ending in 2032; Drive‑through pharmacy area for customer service and business traffic flow
