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Updated: 10.05.24 Posted: 06.03.23 Status: Inactive 10.05.24

Summary

Price $1,000,000
Built/Renov 1996
Tenant Walgreens
Cap Rate 9.20%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 9,600
Lease Start 02-01-1995
#Units 13,532
Price/SF $104.17
Expiration 02-28-2026
Tenant Type Pharmacy
NOI $92,000
R. Term 0.9
Ownership Fee Simple
Rent/SF $9.58
Increases 5.0%/3/yrs
Pop 5Mi 5,015
Lot/AC 0.96
Options 3/5yrs/5%
AHHI 5Mi $59,458

Lease Highlights

  • Walgreens took over this location from Rite Aid in 2018
  • Tenant has 1+ years remaining on its current lease term with 3 (5-year) options to extend
  • 5% rental escalations in each renewal option
  • Low rent per square foot
  • Corporate guarantee by Walgreens Boots Alliance (NASDAQ: WBA)
  • Walgreens is an investment grade rated tenant (S&P: BBB-)

Location Description

This 9,600 square foot Walgreens is strategically located at the signalized, hard corner intersection of Main Street and Elko Street seeing over 7,000 vehicles per day. The site is equipped with a drive-thru for customer ease and access. The location benefits from being located along a major east-west corridor through downtown Williston. National/credit tenants in the area include AutoZone,...

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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 : 1,557 3,474 4,872
2023 Total Population : 1,590 3,552 4,949
2023 Employed Civilian Pop : 683 1,466 1,959
2023 Total Businesses : 93 141 155
2023 Average Household Income : $ 60,430 $ 59,685 $ 58,799
2023 Total Consumer Spending : $ 40 M $ 80 M $ 109 M
2023 Median Age : 42 42 42
2023 Total Households : 745 1,503 2,078
2023 Pop Age 25+: Bachelor's Degree : 122 296 406
2023 Average Home Value : $ 215,816 $ 205,455 $ 203,231
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Roundtree Street Main St 2021 800 0.15 mi
Academy Street Dick St 2021 350 0.19 mi
Elko Street Springfield Rd 2021 1,600 0.20 mi
Main St Merchant 2010 2,800 0.24 mi
Springfield Road Springfield Rd 2021 3,700 0.25 mi
Barnwell Road State Rd S-6-758 2021 2,300 0.26 mi
Main Street Rescue Squad Blvd 2021 1,800 0.27 mi
Main Street Kelly St 2021 1,700 0.30 mi
Springfield Rd Peacock St 2010 4,300 0.33 mi
Rosemary Street Willis Ave 2021 3,100 0.34 mi

Listing Broker

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