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Former Drug Store for Sale or Lease 195 M 66 N

11,180 SF Retail Building Charlevoix, MI 49720 £1,329,383 (£119/SF)

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Investment Highlights

Brand New Roof in 2022 with 20-year Transferrable Warranty.
43 Total Parking Spaces.

Drive Thru Equipped.

Executive Summary

Excellent opportunity to purchase or lease a prime standalone former drug store building that has plenty of parking and features a drive through window for a variety of uses. The property is just south of beautiful Downtown Charlevoix, MI, which is home to Lake Michigan, Round Lake and Lake Charlevoix beaches, golf courses, and year-round attractions.
The building is located within the main retail center for the Charlevoix area anchored by Family Fare Grocery Store. The site provides premium exposure and accessibility with 41 standard parking spaces and 2 Accessible Spaces. The property has direct frontage on M66 with visibility from the intersection of US 31 and M 66 with combined AADT 27,930+. The previous drug store did $5.8 Million in sales in the past 12 months. Final Lease rate is subject to agreement of lease terms.

Sale-Lease Brochure 195 M66

Property Facts

Sale Type

Investment or Owner User

Sale Condition

High Vacancy Property

Property Type

Retail

Property Subtype

Drug Store

Building Size

11,180 SF

Building Class

Year Built/Renovated

1996/2018

Price

£1,329,383

Price Per SF

£119

Tenancy

Single

Number of Floors

Building FAR

0.23

Lot Size

1.13 AC

Zoning

C1 - Retail Commercial

Parking

43 Spaces (3.85 Spaces per 1,000 SF Leased)

Amenities

Drive Thru

MAJOR TENANTS

Retailer
-
-
-

Rite Aid Corporation is on the front lines of delivering health care services and retail products to over one million Americans daily. Their pharmacists are uniquely positioned to engage with customers and improve their health outcomes. Rite Aid Corporation provides an array of whole being health products and services for the entire family through their retail pharmacy locations across the United States.

Tenant	Industry	SF OCCUPIED	RENT/SF			Lease End
	Retailer	-	-			-

Space Availability

1st Floor
11,180 SF
Retail
Outparcel
Now

1/28

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11,180 Square Foot Former Pharmacy Building Located on 1.13 Acres of Land. Brand New Roof Installed in 2022 with a 20 Year Transferable Warranty. Drive Thru Equipped Asset - The Former Tenant Invested $$ into a Remodel in 2018. Combined Traffic Counts in Excess of 27,930 Daily.