Views: 0 DOM: 56 Updated: 11.28.23 Posted: 10.17.23 Status: Active


Price $3,686,000
Built/Renov 1994
Tenant Walgreens
Cap Rate 6.70%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 13,452
Lease Start 12-01-1994
#Units 8,896
Price/SF $274.01
Expiration 12-01-2025
Tenant Type Pharmacy
NOI $246,959
R. Term 1.11
Ownership Fee Simple
Rent/SF $18.36
Increases 0.0%/0/yrs
Pop 5Mi 172,738
Lot/AC 2.09
Options 4/5yrs
AHHI 5Mi $69,353

Lease Highlights

  • Walgreen has be operating in this location since 1994
  • Tenant currently has 2 years remaining on the current lease term with 4 (5-year) options to extend
  • Corporate guarantee by Walgreens Boots Alliance (NASDAQ: WBA)
  • Walgreens is an investment grade tenant (S&P:BBB)

Location Description

Walgreens is strategically positioned at the signalized intersection of Charles Street and 20th Street, which has a combined daily traffic count of 30,600 vehicles. Its advantageous location near Interstate 90, Interstate 39, and various other highways makes it a centralized spot with convenient commutes for both employees and customers. The subject property is ideally situated within a dense...



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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...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 16,763 95,616 173,598
2023 Total Population : 16,810 95,182 172,738
2023 Employed Civilian Pop : 7,708 41,846 76,083
2023 Total Businesses : 266 3,155 5,819
2023 Average Household Income : $ 64,393 $ 62,587 $ 69,353
2023 Total Consumer Spending : $ 385 M $ 2123 M $ 4331 M
2023 Median Age : 36 38 39
2023 Total Households : 6,813 38,652 71,387
2023 Pop Age 25+: Bachelor's Degree : 1,199 8,334 17,444
2023 Average Home Value : $ 107,967 $ 135,091 $ 151,118
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Charles Street 27th St 2022 15,600 0.03 mi
Charles St 20th St 2004 20,400 0.03 mi
20th St 7th Ave 2004 10,200 0.04 mi
S Rockford Ave Louisa St 2004 6,700 0.05 mi
Charles St St Louis Ave 2004 20,400 0.07 mi
20th Street Wesleyan Ave 2022 7,750 0.07 mi
20th Street 7th Ave 2017 7,050 0.07 mi
Charles Street 22nd St 2017 16,400 0.11 mi
S Rockford Ave Louisa St 2004 6,700 0.12 mi
20th St 8th Ave 2004 10,200 0.12 mi

Listing Broker

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