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

Summary

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...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • 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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

Company

NEWSLETTER SIGN UP

my activity