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Views: 68 DOM: 214 Updated: 07.04.24 Posted: 12.11.23 Status: Active

Summary

Price $4,700,000
Built/Renov 2004
Tenant Walgreens
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,736
Lease Start 09-01-2004
#Units 13,532
Price/SF $318.95
Expiration 08-31-2029
Tenant Type Pharmacy
NOI $376,000
R. Term 5.1
Ownership Fee Simple
Rent/SF $25.52
Increases 0.0%/0/yrs
Pop 5Mi 91,327
Lot/AC 2.65
Options 10/5yrs
AHHI 5Mi $171,629

Lease Highlights

  • Walgreens has been operating in this location since 2004
  • Tenant has 5+ years remaining on the current lease term with 10 (5-year) options
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of South 36th Street and State Highway 26, with a combined daily traffic count of 72,800 vehicles. The property benefits from convenient access to Interstate 15 and Interstate 84, establishing it as a centralized location. Ideally positioned within a densely populated retail trade area, the property is in close...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...


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Listing Broker

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