US EditionBoulder Group Arranges $3.5M Sale of Walgreens-Leased Retail Building in Michigan
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Boulder Group Arranges $3.5M Sale of Walgreens-Leased Retail Building in Michigan
MUSKEGON, MICH. — The Boulder Group has arranged the $3.5 million sale of a single-tenant, retail property net leased to Walgreens in Muskegon within western Michigan. The 15,567-square-foot building is located at 840 W. Sherman Blvd. There are more than 13 years remaining on the lease with 12 five-year renewal options. There are 5 percent rental escalations every five years in both the primary term and each option period. The lease is corporate…
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