Views: 0 DOM: 59 Updated: 11.28.23 Posted: 10.13.23 Status: Active


Price $6,569,526
Built/Renov 2001
Tenant Walgreens
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,820
Lease Start 08-04-2008
#Units 8,896
Price/SF $443.29
Expiration 08-04-2033
Tenant Type Pharmacy
NOI $443,443
R. Term 9.7
Ownership Fee Simple
Rent/SF $29.92
Increases 10.0%/10/yrs
Pop 5Mi 280,788
Lot/AC 1.39
Options 50/1yrs/10%
AHHI 5Mi $74,574

Lease Highlights

  • Walgreens has been operating in this location since 2008

  • Tenant has over 9 years remaining on the current lease term with 50 (1-year) options to extend
  • Lease features 10% rental increase every 10 years beginning 2033
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Walgreens Boots Alliance (NASDAQ: WBA)
  • Walgreens is an investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of George Dieter Drive with access to 56,000 vehicles per day. The site benefits from its location as an outparcel to the Las Palmas Martkeplace with neighboring tenants including Lowe’s, Kohl’s, Ross Dress For Less, Burlington Coat Factory, Office Depot and many others. Additionally, the tenant is less than...



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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 : 4,793 109,670 286,066
2023 Total Population : 4,785 107,997 280,788
2023 Employed Civilian Pop : 1,936 46,372 120,729
2023 Total Businesses : 599 3,732 6,452
2023 Average Household Income : $ 77,205 $ 70,294 $ 74,574
2023 Total Consumer Spending : $ 121 M $ 2387 M $ 6403 M
2023 Median Age : 35 34 34
2023 Total Households : 1,818 38,705 98,036
2023 Pop Age 25+: Bachelor's Degree : 756 13,035 32,144
2023 Average Home Value : $ 224,165 $ 199,180 $ 192,287
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
George Dieter Dr N Zaragoza Rd 2002 33,340 0.03 mi
George Dieter Dr Esther Lama Dr 2002 42,350 0.13 mi
N Zaragoza Rd George Dieter Dr 2002 27,720 0.14 mi
Esther Lama Dr George Dieter Dr 2003 5,454 0.15 mi
Rojas Dr Trudy Elaine Dr 2002 11,630 0.17 mi
Rojas Dr George Dieter Dr 2002 13,550 0.18 mi
George Dieter Dr Esther Lama Dr 2006 56,000 0.20 mi
George Dieter Dr Esther Lama Dr 2014 38,614 0.22 mi
Rojas Dr N Zaragoza Rd 2002 47,000 0.24 mi
George Dieter Drive Gateway Blvd W 2020 44,142 0.25 mi

Listing Broker

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