Walgreens
$6,137,622
780 Washington Avenue, Holland, MI 49423
7.15
Cap Rate
438,840
NOI
Details:
Highlights:
- Absolute NNN Lease with Zero Landlord Responsibilities
- Over 7 Years Remaining in the Term with 50, 1-Year Options Available
- Positioned at the Signalized Intersection of Washington Ave and 32nd Street
- Easily Accessible with Multiple Point of Ingress/Egress
- Excellent Visibility with Frontage and Signage Along Washington Ave and 32nd Street
- Corporate Guarantee From Walgreens Co. | Over 8,700 Locations Across the U.S. | Subsidiary of Walgreens Boots Alliance NASDAQ: WBA
- Drive-Thru Equipped with Ample Parking
Description:
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Holland is a city in the western region of the Lower Peninsula of Michigan. It is situated near the eastern shore of Lake Michigan on Lake Macatawa, which is fed by the Macatawa River (formerly known locally as the Black River). Holland is a thriving city with a diverse economy that includes manufacturing, agriculture, tourism, and higher education. It is home to a number of prominent companies, including Herman Miller, Haworth, and Johnson Controls. The city also attracts thousands of visitors each year for its annual Tulip Time Festival, which celebrates the area's Dutch heritage and vibrant tulip fields.
Each May, Holland hosts an annual Tulip Time Festival. Tulip planting and the festival began in 1930 when 250,000 tulips were planted for the event. Currently six million tulips are used throughout the city. Tulips are planted along many city streets, in city parks and outside municipal buildings as well as at tourist attractions like Dutch Village, the city-owned Windmill Island Gardens, and at a large tulip farm named Veldheer Tulip Gardens. It is normally held the second week of May, during the tulip blooming season. Cruise ships such as the Yorktown from the Great Lakes Cruising Company make Holland a port of call. About one million tourists visit Tulip Time each year, for which the community finds innovative ways to enhance self-funded projects. It has been ranked as America's third largest town festival and was named Reader's Digest's best small town festival.
Holland is the largest city in both Ottawa and Allegan counties. The Ottawa County portion is part of the Grand Rapids-Kentwood Metropolitan Statistical Area, while the Allegan County portion is part of the Holland Micropolitan Statistical Area, which is coextensive with Allegan County. As of 2013, both areas are part of the Grand Rapids–Kentwood–Muskegon Combined Statistical Area. Holland was founded by Dutch Americans, and is in an area that has a large percentage of citizens of Dutch American heritage. It is home to Hope College and Western Theological Seminary, institutions of the Reformed Church in North America.
Location
