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Views: 43 DOM: 131 Updated: 05.29.24 Posted: 02.01.24 Status: Active

Summary

Price $3,780,000
Built/Renov 2007
Tenant Walgreens
Cap Rate 8.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 13,570
Lease Start 07-23-2007
#Units 13,532
Price/SF $278.56
Expiration 07-31-2032
Tenant Type Pharmacy
NOI $327,000
R. Term 8.1
Ownership Fee Simple
Rent/SF $24.10
Increases 0.0%/0/yrs
Pop 5Mi 19,959
Lot/AC 2.01
Options 0/0yrs
AHHI 5Mi $70,925

Lease Highlights

  • Walgreens has 8+ years remaining on the current lease term
  • Location is apart of a 6-unit portfolio with options to be purchased together or individually
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located on US Hwy 79 S, with access to a daily traffic count of 24,000 vehicles. It is prominently situated along the city's primary retail corridor and is conveniently located across the street from a Walmart Supercenter. Other notable tenants within this corridor include Lowe’s, Kroger, Tractor Supply, Sherwin-Williams, Dollar Tree, McDonald’s, and more....

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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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,904 12,942 18,367
2023 Total Population : 2,963 13,262 18,748
2023 Employed Civilian Pop : 1,227 5,117 6,751
2023 Total Businesses : 152 688 788
2023 Average Household Income : $ 93,073 $ 79,239 $ 78,793
2023 Total Consumer Spending : $ 94 M $ 289 M $ 384 M
2023 Median Age : 38 37 37
2023 Total Households : 1,169 4,156 5,543
2023 Pop Age 25+: Bachelor's Degree : 242 1,074 1,389
2023 Average Home Value : $ 230,941 $ 203,353 $ 199,524
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
US Hwy 79 St Paul St 2014 13,225 0.05 mi
Glendale Ave Forrest St 2013 898 0.18 mi
Kaylee St Stadium St 2013 255 0.27 mi
Jacksonville Drive St Paul St 2021 2,038 0.29 mi
Jacksonville Drive Hwy 79 2020 2,012 0.29 mi
Young St Old Nacogdoches Rd 2013 169 0.29 mi
Highway 79 Alberta Ave 2021 11,315 0.30 mi
Hwy 79 Jacksonville Dr 2020 11,308 0.30 mi
Joseph St Laurinda St 2013 90 0.34 mi
Bellaire Dr S Evenside Ave 2013 85 0.34 mi

Listing Broker

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