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Former Rite Aid - For Lease

Market Price

715 E Front St, Buchanan, MI 49107

Active
Last Updated: 02/08/2025

6.26

Cap Rate

70,437.48

NOI

Details:
Cap Rate:    6.26%
NOI:    $70,437.48
Building Size:    8,000 sqft
Lot Area:    0.61 acres
Occupancy:    100%
Year Built:    1993
Floors:    1
Highlights:
  • 8,000 +/- SF Free Standing Retail Building Situated On .61 Acres On E Front St. In Buchanan, MI
  • Former Rite Aid Pharmacy Constructed In 1993 – Brand New Roof Installed 2024 – Class A (Turnkey) Building
  • Located 15.5 Miles from University of Notre Dame
  • Surrounding Retailers: McDonalds, Pizza Hut, Taco Bell, Edgewater Manufacturing, Hardings Market,
  • Rite Aid was the Only National Drugstore in the Immediate Area – This was a Very High-Volume & Profitable Store for Rite Aid
  • Corner Location w/ Good access points In The Main part of Town
  • Tremendous Opportunity to Backfill at Low Cost of Occupancy
Description:

For Lease

Nestled within the vibrant town of Buchanan, MI, this sought-after location offers a dynamic backdrop for retailers and tenants. Situated just 15.5 miles from the prestigious University of Notre Dame, the area is teeming with potential customers drawn from the student and faculty population.

Nearby, renowned retailers such as McDonald's, Pizza Hut, and Taco Bell provide a steady flow of consumer traffic, while the thriving Edgewater Manufacturing and Hardings Market further enhance the area's commercial appeal.

With the former Rite Aid property anchoring the main part of town, the surrounding area presents an unparalleled opportunity for retail or free-standing building tenants to capitalize on the bustling community's foot traffic and drive their business forward.

Map:
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