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Views: 32 DOM: 118 Updated: 06.05.24 Posted: 02.15.24 Status: Active

Summary

Price $4,000,000
Built/Renov 2004
Tenant Walgreens
Cap Rate 7.38%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,406
Lease Start 03-01-2004
#Units 13,532
Price/SF $277.66
Expiration 02-28-2029
Tenant Type Pharmacy
NOI $295,000
R. Term 4.8
Ownership Fee Simple
Rent/SF $20.48
Increases 0.0%/0/yrs
Pop 5Mi 52,109
Lot/AC 1.45
Options 10/5yrs
AHHI 5Mi $59,820

Lease Highlights

  • Walgreens has been operating in this location since 2004
  • The tenant has 5 years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of Harding Highway and Lost Creek Boulevard, with access to a combined daily traffic count of 38,000 vehicles. The property benefits from excellent visibility and offers multiple points of ingress/egress. Moreover, the site provides convenient access to I-75, which sees a traffic count of 41,100 VPD. Adjacent to...

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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 : 2,242 21,239 51,784
2023 Total Population : 2,278 21,332 52,109
2023 Employed Civilian Pop : 1,125 8,696 22,574
2023 Total Businesses : 163 1,148 2,067
2023 Average Household Income : $ 66,082 $ 52,213 $ 59,820
2023 Total Consumer Spending : $ 58 M $ 421 M $ 1132 M
2023 Median Age : 48 38 38
2023 Total Households : 1,006 9,140 21,538
2023 Pop Age 25+: Bachelor's Degree : 180 1,060 3,433
2023 Average Home Value : $ 137,582 $ 118,715 $ 132,482
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
LOST CREEK BLVD Belmont St 2020 194 0.11 mi
Vassar St Wells Dr 2019 54 0.11 mi
LOST CREEK BLVD Harding Hwy 2020 4,660 0.12 mi
Belmont St Lost Creek Blvd 2019 89 0.15 mi
RADCLIFFE AVE Harding Hwy 2020 158 0.20 mi
MT HOLYOKE AVE Harding Hwy 2020 143 0.25 mi
DEVONSHIRE DR Fenway Dr 2020 2,531 0.28 mi
ST ANDREWS BLVD Wellesley Dr 2020 408 0.33 mi
Fenway Drive 2019 2,478 0.34 mi
FENWAY DR 2021 2,396 0.34 mi

Listing Broker

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