Walgreens NNN Lease Investment
300 E F St, Iron Mountain, MI 49801
Walgreens NNN lease extended through 2038 with options.
Type:Retail
Property size:
18,776 SFPrice / SF:
$190/SF- Added:
- Mar 2, 2026
- Days on Market:
- 71
- Last Refresh:
- Mar 16 at 1:45 pm
Property Features for 300 E F St
General Information
- Standard status
- Active
- Size
- 18,776 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2008
Listing agent Thomas Carr License #374849
Listing office CBRE Atlanta
Listing date Mar 2, 2026
Source Crexi
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 CBRE Atlanta
HighLights
- Absolute NNN lease extended through 2038 provides a long‑term, hands‑off investment.
- ±12.3 years of primary lease term remaining offers stable, predictable income.
- Located at a high‑traffic, hard corner, signalized intersection (25,644 VPD) ensures excellent visibility.
- National tenant (Walgreens) provides security and brand recognition.
- Eleven, 5‑year options to renew offer potential for long‑term income generation.
- Built in 2008, the property is relatively new construction.
Overview
This property, suitable for commercial real estate and retail purposes, is located at the hard corner, signalized intersection of East F Street and South Stephenson Avenue, which experiences a combined traffic volume of 25,644 vehicles per day. The property is situated approximately 88 miles north of Green Bay, WI. The absolute NNN lease with Walgreens, originally set to expire in 2034, has been extended through 2038 and now features approximately 12.3 years of primary term remaining, along with eleven 5-year options to renew. The property size is 18776 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
FedEx OnSite
Postal Service
Walgreens
Cosmetic Store
LibertyX Bitcoin ATM
Atm
Walgreens Pharmacy
Pharmacy
Similar Places Nearby
- Iron Mountain VA Medical Center — 325 E H St, Iron Mountain, MI 49801
- Staley Barbara — 325 E H St, Iron Mountain, MI 49801
- Kari Waise, BS — 325 E H St, Iron Mountain, MI 49801
- Michael C. Nelson, RPH — 325 E H St, Iron Mountain, MI 49801
- Leonard A. Graham, RPH — 325 E H St, Iron Mountain, MI 49801
Location Insight
- Map
- Local Demand
- City
- Iron Mountain
- County
- Dickinson
- State
- Michigan
- Longitude
- -88.063663
- Latitude
- 45.813726
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Walgreens NNN lease extended through 2038 with options.
Where is this drug store located?
The property is located at 300 E F St Iron Mountain, MI.
What is the asking price?
The asking price for this property is $3,585,300.
What are key features of this property?
This property features: Absolute NNN lease extended through 2038 provides a long‑term, hands‑off investment.; **±12.3 years of primary lease term remaining offers stable, predictable income.**; Located at a high‑traffic, hard corner, signalized intersection (25,644 VPD) ensures excellent visibility.
