Sturgis, MI
- Only free-standing national chain drugstore in Sturgis and only Walgreens for over 15 miles.
- This is the closest national pharmacy to Sturgis Hospital, an 84-bed health center located 1.6 miles from the property.
- Over 16 million square feet of industrial space within a 3-mile radius and 2.3 million square feet of retail space within a 2-mile radius.
- Located with frontage on Centerville Road, with over 16,000 VPD, serving as Sturgis's main North/South thoroughfare.
- Walgreens has been operating at this location for over 19 years.
We are pleased to market for sale the Walgreens property located at 950 South Centerville Road in Sturgis, Michigan ("The Property"). Walgreens has been successfully operating at this location for 19 years and has over 5 years of firm term remaining before 10 (5-year) option periods. The tenant is operating on an absolute triple net lease which provides for no landlord obligations whatsoever.
The Property benefits from limited competition as it is the only free-standing national chain drugstore in Sturgis with the next nearest Walgreens over 15-miles away. Walgreens is also conveniently located just 1.5 Miles from Sturgis Hospital, an 84-bed facility which provides a strong prescription base for the pharmacy.
Walgreens is positioned in a dense retail corridor with over 850,000 square feet of retail space within a half mile. National retail tenants in the immediate surrounding area include Walmart, ALDI, Meijer and Dollar Tree. Additionally, the property has frontage along Centerville Road (MI Route 66), which is the main thoroughfare in Sturgis with over 16,000 vehicles per day.
