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Walgreens - Houghton, MI

This newly constructed NNN Walgreens lease is located at the signalized intersection of Green Acres Road and West Memorial Drive adjacent to the Copper Country Mall on the Northern Peninsula of Michigan and near a single story mall anchored by JC Penney. The mall is home to 10 other retailers as well, featuring such national tenants as GNC Store, and Dunham's Sporting Goods as well as several regional retailers. Copper Country Ford dealership is also opposite the site. Festival Foods Grocery Store and Ron's AutoBody Shop is also opposite the site along Memorial Drive.

One block to the east is a WalMart Super Center, Shopko, Country Inn & Suites, an Applebee's, Dollar Tree, Pizza Hut and Taco Bell. Just beyond that is a Goodwill, McDonald's, Holiday Inn Express, and a Dairy Queen.

Houghton, Michigan lies on the banks of Lake Portage which most likely contributes to it being one of the best 100 places to live according to the "Top 100 Small Town Places to Live in America" by Norman Crampton. Situated on the hills bordering the beautiful Portage Waterway, Houghton offers a bounty of recreational opportunities all year long. Our renowned waterfront provides adventure and relaxation for a multitude of interests and is supplemented by various neighborhood parks and trails.

Additional Info

  • Address: : 1007 Memorial Road, Houghton, MI 49931
  • Price: : $5,890,000
  • Net Rentable Area: : 14,550
  • Lot Size (Acres): : 1.00
  • CAP Rate: : 5.94%
  • Price Per Sqft: : $429.55
  • NOI: : $350,000
  • Year Built: : 2015
  • Status: : Available