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Updated: 07.15.25 Posted: 07.15.25 Status: Active     07.15.25

Summary

Price $4,465,116
Built/Renov 2002
Tenant Walgreens
Cap Rate 8.60%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,490
Lease Start 03-01-2002
#Units 12,500
Price/SF $308.15
Expiration 08-27-2031
Tenant Type Pharmacy
NOI $384,000
R. Term 6.1
Ownership Fee Simple
Rent/SF $26.50
Increases 0.0%/0/yrs
Pop 5Mi 216,729
Lot/AC 2.66
Options 10/5yrs
AHHI 5Mi $88,875

Highlights

  • Walgreens has operated at this location for over 20 years and currently has 2+ years remaining on its lease
  • Lease features no rental increases and offers 10 x 5-year options to extend 
  • Absolute NNN lease I Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized hard-corner intersection of East 62nd Street and North Keystone Avenue, with direct access to more than 61,000 vehicles per day. The property is situated within a densely developed retail corridor anchored by major national retailers including Walmart Supercenter, Lowe’s, Target, and Marshalls, and is further...

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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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Listing Broker

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