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Views: 54 DOM: 124 Updated: 07.04.24 Posted: 03.10.24 Status: Active

Summary

Price $4,001,633
Built/Renov 2008
Tenant Walgreens
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,409
Lease Start 06-30-2023
#Units 13,532
Price/SF $277.72
Expiration 06-30-2038
Tenant Type Pharmacy
NOI $240,098
R. Term 13.11
Ownership Fee Simple
Rent/SF $16.66
Increases 0.0%/0/yrs
Pop 5Mi 134,137
Lot/AC 2.04
Options 10/5yrs
AHHI 5Mi $79,258

Lease Highlights

  • Walgreens has 14+ years remaining on the current lease term with 10 (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 at the signalized, hard corner intersection of N Military Avenue and Shawano Avenue, with access to a combined daily traffic count of 38,800 vehicles. Additionally, the property is positioned several blocks east of Interstate 41 (82,900 VPD), where a cluster of retailers and medical institutions have established themselves. Saint Mary’s Hospital Medical...

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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 : 13,387 68,755 136,111
2023 Total Population : 13,395 66,650 134,137
2023 Employed Civilian Pop : 6,979 33,639 67,568
2023 Total Businesses : 483 2,879 5,624
2023 Average Household Income : $ 56,344 $ 71,618 $ 79,258
2023 Total Consumer Spending : $ 311 M $ 1837 M $ 3915 M
2023 Median Age : 40 39 38
2023 Total Households : 6,287 29,366 56,790
2023 Pop Age 25+: Bachelor's Degree : 1,687 8,878 19,093
2023 Average Home Value : $ 210,545 $ 239,603 $ 252,724
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Military Ave Dousman St 2006 14,600 0.07 mi
Shawano Ave N Fisk St 2018 10,400 0.11 mi
Shawano Ave Perkins Ave 2006 15,000 0.18 mi
Dousman St N Fisk St 2006 5,800 0.19 mi
S Military Ave Leo St 2018 17,000 0.21 mi
S Fisk St Leo St 2009 4,400 0.22 mi
Dousman St Murphy Dr 2018 4,500 0.23 mi
N Military Ave Dousman St 2018 11,400 0.30 mi
S Fisk St Capitol Dr 2003 5,300 0.43 mi
Bond St N Military Ave 2018 2,900 0.46 mi

Listing Broker

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