Offering Memorandum
Investment Sale
Walgreens
1007 Memorial Rd
Houghton, Michigan
Houghton, Michigan
eCode:054i
Sales Price
$5,223,881
NOI
$350,000
Cap Rate
6.70%
Lease Expiration
10/31/2090
Building Size
14,550 SF
Lot Size
1.44 AC
Year Built
2015
Zoning
B3 - General Business
Gross Leasable Area
14,550 SF
Highlights
- Assumable Debt
- Strong Sales
- National Retail Tenant
- Long-Term Lease
- Absolute Net Lease Advantage
- Resilient Business Model
- High-Traffic Area
- Strong Market Fundamentals
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 3,065 | 16,114 | 20,245 |
| Household Income | $83,155 | $78,304 | $81,984 |
| Daytime Pop | 2,391 | 7,475 | 7,949 |
