1710 John Beers Rd, Stevensville, MI 49127-9409

This exceptional investment opportunity features a 14,820-square-foot Walgreens pharmacy in Stevensville, Michigan, situated on a 2.06-acre lot. The property boasts a strong absolute triple-net (NNN) lease with zero landlord responsibilities, backed by a corporate guarantee from Walgreens (NASDAQ:WBA). The asking price is $4,319,527, representing a compelling $291.47 per square foot and an attractive 8.45% capitalization rate. The property generates a net operating income (NOI) of $365,000 with 100% occupancy. Benefiting from a high-traffic location at a signalized intersection of W John Beers Rd & Cleveland Ave, experiencing 7,495 vehicles per day, the property enjoys excellent visibility and accessibility. Its proximity to Lakeshore High School (872 students) and Lakeshore Middle School (619 students) further enhances its strategic position. The lease includes a substantial initial term with fifty (50) years of options, each with 12-month cancellation rights, providing long-term stability and predictable cash flow for the investor. This is a rare opportunity to acquire a well-established, high-performing Walgreens property in a desirable Michigan location.