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Views: 37 DOM: 90 Updated: 05.20.24 Posted: 03.14.24 Status: Active

Summary

Price $4,035,388
Built/Renov 2012
Tenant Walgreens
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,820
Lease Start 12-01-2012
#Units 13,532
Price/SF $272.29
Expiration 12-31-2032
Tenant Type Pharmacy
NOI $302,652
R. Term 8.6
Ownership Fee Simple
Rent/SF $20.42
Increases 0.0%/0/yrs
Pop 5Mi 48,036
Lot/AC 1.60
Options 11/5yrs
AHHI 5Mi $121,980

Lease Highlights

  • Walgreens has 8+ years remaining on the current lease term with 11 (5-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease (NASDAQ: WBA)
  • Investment grade tenant (S&P: BBB-)

Location Description

Walgreens is strategically located on Knoxville Avenue, with access to 17,200 vehicles passing by daily. Situated within a dense retail corridor anchored by Schnucks Supermarket, the property is surrounded by well-known national retailers including McDonald's, Culver's, Domino's Pizza, and Jiffy Lube. Additionally, it enjoys a convenient location less than 1 mile away from the I-474/IL-6...

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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 : 7,938 21,311 51,630
2023 Total Population : 8,104 21,748 52,435
2023 Employed Civilian Pop : 3,871 11,159 25,726
2023 Total Businesses : 98 1,141 2,130
2023 Average Household Income : $ 142,985 $ 145,349 $ 119,676
2023 Total Consumer Spending : $ 383 M $ 1059 M $ 2261 M
2023 Median Age : 37 40 41
2023 Total Households : 3,178 8,655 22,188
2023 Pop Age 25+: Bachelor's Degree : 1,838 4,845 10,829
2023 Average Home Value : $ 292,900 $ 279,974 $ 236,179
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Knoxville Ave W Mossville Rd 2005 15,600 0.04 mi
N Knoxville Ave W Mossville Rd 2005 15,600 0.11 mi
IL 40 W Mossville Rd 2021 13,100 0.11 mi
West Wilhelm Road 2008 2,950 0.12 mi
W Mossville Rd N Knoxville Ave 2010 2,450 0.14 mi
West Wilhelm Road N Granite St 2022 3,800 0.15 mi
W Geneva Rd Wilhelm Rd 2011 451 0.16 mi
N Knoxville Ave W Mossville Rd 2009 13,800 0.17 mi
W Wilhelm Rd N Dana Ct 2002 1,450 0.24 mi
W Geneva Rd N Manchester Dr 2008 382 0.28 mi

Listing Broker

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