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Views: 42 DOM: 59 Updated: 07.08.24 Posted: 05.14.24 Status: Active

Summary

Price $1,750,000
Built/Renov 2024
Tenant Walgreens
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,560
Lease Start 05-02-2024
#Units 13,532
Price/SF $683.59
Expiration 05-31-2034
Tenant Type Pharmacy
NOI $96,300
R. Term 9.10
Ownership Fee Simple
Rent/SF $37.62
Increases 0.0%/0/yrs
Pop 5Mi 7,196
Lot/AC 0.95
Options 11/5yrs
AHHI 5Mi $52,862

Lease Highlights

  • Brand-new 2024 construction
  • Walgreens recently executed a brand new 10-year lease with 11 (5-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the hard corner intersection of N Walnut St and Leesville St., with access to a combined daily traffic count of 9,000 vehicles. The property is surrounded by well-known national tenants including Food Lion, Dollar Tree, Advance Auto Parts, Family Dollar, and more. Additionally, it has excellent visibility and multiple points of ingress/egress. Furthermore,...

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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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Listing Broker

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