Views: 0 DOM: 107 Updated: 11.22.23 Posted: 08.26.23 Status: Active


Price $5,274,074
Built/Renov 2009
Tenant Walgreens
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,820
Lease Start 09-01-2009
#Units 8,896
Price/SF $355.88
Expiration 08-31-2034
Tenant Type Pharmacy
NOI $356,000
R. Term 10.8
Ownership Fee Simple
Rent/SF $24.02
Increases 0.0%/0/yrs
Pop 5Mi 135,760
Lot/AC 2.18
Options 10/5yrs
AHHI 5Mi $97,680

Lease Highlights

  • Walgreens has been operating in this location since 2009
  • Tenant has 11 years remaining on their current lease term with 10 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee by Walgreens Boots Alliance (NASDAQ: WBA)
  • Walgreens is an investment grade tenant (S&B:BBB)

Location Description

This 14,820 square foot Walgreens is situated on a 2.18 acre parcel along C Avenue NE with access to 12,880 vehicles per day. The property is situated just one block north of Blairs Ferry Road (25,000+ VPD), and less than 3 miles from Interstate 380 (67,573 VPD). Neighboring national/credit tenants include Popeyes, Dollar General, Wendy’s, Hobby Lobby, ALDI and many more. A robust population...



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  • Tenant: Walgreens
  • Guarantor:Corp T and Rated
  • Company:Walgreens Boots Alliance
  • # Units:8,896
  • Tenant S&P: BBB
  • Moody’s: Baa3
  • Stock:NASDAQ: WBA

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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