Fremont, MI
- Over 14 years of lease term remaining with 10 (5 year) options to follow.
- Only Walgreens in a 18-mile radius serving the entire Fremont market.
- Close proximity to major health providers such as Corewell Health Gerber Memorial and Newaygo Medical Care Facility.
- Short distance from to Gerber/Nestlé Research and Development Center, largest employer in Fremont.
- Situated with frontage on West Main Street (traffic counts of 14,500 VPD).
- Walgreens has a 16 year operating history at this location.
We are pleased to market for sale the Walgreens property located at 819 West Main Street in Fremont, Michigan ("The Property"). Walgreens has been successfully operating at this location for 16 years and recently agreed to a new 15 year extension, demonstrating Walgreens commitment to the location. This investment opportunity allows investors to purchase a long term Walgreens on an absolute net lease with no landlord obligations whatsoever.
As the only free standing Walgreens store for over 18 miles, the Property benefits from excellent visibility and limited drugstore competition. Strategically located with close proximity to the major health systems in Fremont, the Property is the only national chain pharmacy serving Corewell Health Gerber Memorial, Regency at Fremont and Newaygo Medical Care Facility.
The Property is surrounded by the major economic hub for Fremont. Gerber Products Co, located a short distance from the Property, is home to the original Gerber factory, and currently the Nestlé Research and Development Center for baby meals and drinks, which recently underwent a $36 million expansion and employs over 500 personnel.
Situated an hour North of Grand Rapids, the Property has frontage on West Main Street (M-82), which serves as one of the main throughways from Grand Rapids to Canada.
Listed in association with Brian Brockman, Bang Realty, 513.898.1551, [email protected], MI DRE Lic. #6502428679
