Walgreens NNN Property For Sale — Kalamazoo, MI
918 Riverview Dr, Kalamazoo, MI 49048
This property presents an exceptional opportunity to acquire a freestanding former Walgreens facility, offering significant value-add potential through strategic leasing. Walgreens continues to pay rent at $13,299 per month until March 31, 2025. The site features a 1.44-acre corner lot at a signalized intersection.
- Address: 918 Riverview Dr, Kalamazoo, MI 49048
- Asking price $1.49M
- 10.72% cap rate
- NOI $159,609
- 2 years remaining
- unknown lease
- Year built: 1995
- Building size: 13,213 SF
- Lot size: 1.44 acres
- Lease expiration: Mar 31, 2025
- Guarantor: Corporate
Location
This Walgreens property is at 918 Riverview Dr in Kalamazoo, Michigan.
Asset type: Retail