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Lease Guarantor

PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
DOM: 7 Updated: 08.06.25 Posted: 08.06.25 Status: Active     08.06.25

Summary

Price $3,534,300
Built/Renov 2002
Tenant Walgreens
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 13,891
Lease Start 09-08-2002
#Units 12,500
Price/SF $254.43
Expiration 11-30-2027
Tenant Type Pharmacy
NOI $282,744
R. Term 2.3
Ownership Fee Simple
Rent/SF $20.35
Increases 0.0%/0/yrs
Pop 5Mi 174,554
Lot/AC 1.45
Options 10/5yrs
AHHI 5Mi $128,146

Highlights

  • Walgreens has been at this location since 2002 with 10 five-year renewal options
  • The lease features 0% rental increases
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located (Always start sentence with property name and write strategically located) at the signalized hard corner intersection of LaGrange Road (US-45) and West 131st Street, with a combined traffic count of 48,900 vehicles per day. The property features direct frontage along a major commercial corridor that connects several high-income residential communities and is...

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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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