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1290 W Main St
Gaylord, MI 49735
Asking Price
$3.57M
Cap Rate
9.75%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
Absolute NNN Walgreens with Drive-Thru – No Competition for 25+ Miles <p><strong>ABSOLUTE NNN LEASE | DRIVE-THRU PHARMACY:</strong> ±14,490 SF freestanding Walgreens with drive-thru operating on an absolute NNN lease, providing a passive, management-free investment.</p><p></p><p><strong>STRATEGIC I-75 LOCATION | REGIONAL TRAFFIC DRIVER:</strong> Located just off Interstate 75 (Exit 279), the primary north–south corridor connecting Detroit to Northern Michigan. Gaylord serves as a key stopover market capturing year-round traffic and seasonal tourism traveling to Tr
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NOI
$80,000
Cap Rate
2.24%
DSCR
0.38
Underwater
Cash-on-Cash
-12.32%
Monthly Payment
$17,662.412
Annual Cash Flow
$-131,948.946
