950 S. Centerville Road
Sturgis, MI
Properties Details
Wells Net Lease Group is pleased to present the exclusive listing for the Walgreens located at 950 S. Centerville Rd,Sturgis, MI 49091. The site consists of roughly 14,820± rentable square feet of building space on an estimated 1.56-acre parcel of land. This property is subject to a 10 Year Absolute NNN lease, which expires May 31, 2030. The current annual rent is $303,000.
Property Highlights
- Price: $3,366,000
- Cap Rate: 9%
- Lease Type: NN
- Lease Commencement: 6/1/2005
- Lease Expiration: 5/31/2030
- Increases: 5% in Option Periods