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PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
DOM: 91 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 5.10
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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Demographics

  1 Miles 3 Miles 5 Miles
2030 Total Population : 10,975 78,187 219,862
2025 Total Population : 10,918 77,645 218,760
2025 Employed Civilian Pop : 7,424 46,707 122,165
2025 Total Businesses : 464 3,713 10,654
2025 Average Household Income : $ 127,953 $ 139,440 $ 107,378
2025 Total Consumer Spending : $ 626 M $ 4211 M $ 9121 M
2025 Median Age : 36 38 36
2025 Total Households : 5,705 35,238 97,628
2025 Pop Age 25+: Bachelor's Degree : 3,616 21,127 44,573
2025 Average Home Value : $ 345,149 $ 408,399 $ 356,088
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E 62nd St N Temple Ave 2009 18,428 0.11 mi
East 62nd Street N Rural St 2021 4,425 0.18 mi
North Rural Street E 62nd St 2018 3,625 0.23 mi
N Keystone Ave E 63rd St 2009 40,525 0.24 mi
Kessler Blvd East Dr Brouse Ave 2014 22,038 0.40 mi
Kessler Blvd East Dr N Tacoma Ave 2014 15,750 0.41 mi
E 62nd St Kingsley Dr 2009 27,661 0.46 mi
Kessler Blvd East Dr Crittenden Ave 2014 22,038 0.54 mi
N Keystone Ave Ryan Dr 2015 35,760 0.59 mi
Kessler Boulevard East Drive Kingsley Dr 2018 17,236 0.64 mi

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