Views: 0 DOM: 83 Updated: 11.07.23 Posted: 09.19.23 Status: Active


Price $6,727,000
Built/Renov 2014
Tenant Walgreens
Cap Rate 5.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 11,200
Lease Start 04-14-2014
#Units 8,896
Price/SF $600.63
Expiration 04-14-2034
Tenant Type Pharmacy
NOI $386,820
R. Term 10.4
Ownership Fee Simple
Rent/SF $34.54
Increases 0.0%/0/yrs
Pop 5Mi 122,254
Lot/AC 1.51
Options 50/1yrs
AHHI 5Mi $84,934

Lease Highlights

  • Walgreens currently has over 10 years remaining on the current lease term with 50 (1-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Walgreens Boots Alliance (NASDAQ: WBA)
  • Walgreens is an investment grade tenant (S&P: BBB)

Location Description

Walgreens is strategically located along the signalized, hard corner intersection of East Victory Drive and Skidaway Road with access to 52,300 vehicles per day. The site benefits from nearby access to Harry S. Truman Parkway (28,800 VPD), making this an ideal, centralized location with easy commutes. The asset is ideally positioned adjacent to Victory Square, a 400,000 SF power center that’s...



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  • Tenant: Walgreens
  • Guarantor:Corp T and Rated
  • Company:Walgreens Boots Alliance
  • # Units:8,896
  • Tenant S&P: BBB
  • Moody’s: Baa3
  • Stock:NASDAQ: WBA

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...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 11,569 75,284 124,087
2023 Total Population : 11,715 74,590 122,254
2023 Employed Civilian Pop : 5,707 36,143 56,714
2023 Total Businesses : 478 2,974 6,809
2023 Average Household Income : $ 69,789 $ 87,489 $ 84,934
2023 Total Consumer Spending : $ 288 M $ 2455 M $ 3720 M
2023 Median Age : 36 37 35
2023 Total Households : 4,729 32,100 50,117
2023 Pop Age 25+: Bachelor's Degree : 1,118 11,789 16,902
2023 Average Home Value : $ 275,668 $ 384,366 $ 369,153
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Chisholm Street Clars Ave 2021 290 0.18 mi
Chisholm Street Clars Ave 2019 280 0.18 mi
East Victory Drive Dixie Ave 2021 30,700 0.18 mi
East Victory Drive Shuptrine Ave 2018 30,900 0.18 mi
Shell Rd Gibbons St 2005 2,870 0.20 mi
E Victory Dr Shuptrine Ave 2012 32,670 0.23 mi
Rowland Ave Roger Lacey Ave 2005 5,720 0.25 mi
Skidaway Road 49th St 2019 17,100 0.25 mi
Bayberry Dr 2021 17,000 0.25 mi
Skidaway Road 49th St 2018 16,900 0.25 mi

Listing Broker

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