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991 S Main St
Cheboygan, MI 49721

$3,855,000 USD

Drugstore For Sale  •  14,550 SF

Property Details

• Property Type Drugstore
• Total Building Size 14,550 SF
• Lot Size 1.84 AC
• Building Class C
• Year Built 2007
• Cap Rate 9.50 %
• Tenancy Single

0 Transit Score

50 Walk Score

Highlights

Price Just Reduced to High 9.50% Cap Rate

Absolute Net Lease to February, 2032

High Visibility Signalized Location on Main Street (M-27)

Next to McLaren Medical Center

Freestanding building with Drive-Through

Zero Landlord Responsibilities

Property Flyers

Cheboygan, MI NNN Walgreens BrochureB

Cap Rate:

9.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Walgreens	14,550 SF	2/28/2032

Amenities

• Pylon Sign

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes