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Views: 88 DOM: 413 Updated: 06.25.24 Posted: 05.26.23 Status: Active

Summary

Price $4,690,000
Built/Renov 2003
Tenant Walgreens
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,490
Lease Start 11-22-2003
#Units 13,532
Price/SF $323.67
Expiration 11-30-2028
Tenant Type Pharmacy
NOI $375,000
R. Term 4.4
Ownership Fee Simple
Rent/SF $25.88
Increases 0.0%/0/yrs
Pop 5Mi 53,716
Lot/AC 1.95
Options 10/5yrs
AHHI 5Mi $78,159

Lease Highlights

  • Walgreens has been operating in this location 2003
  • Tenant has over 5 years remaining on the current lease term with 10 (5-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

This Walgreens is strategically located at the signalized, hard corner intersection of North High Street and North 2nd Street with access to 24,506 vehicles per day. The 14,490 square foot site is situated on a 1.95 acre lot and benefits from multiple points of ingress/egress. National/credit tenants in the area include McDonalds, Dollar General, Wendy’s, Target, Best Buy and many, many more....

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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 : 8,357 28,643 52,444
2023 Total Population : 8,505 28,743 52,861
2023 Employed Civilian Pop : 3,117 12,518 22,381
2023 Total Businesses : 357 946 1,461
2023 Average Household Income : $ 68,497 $ 90,428 $ 90,338
2023 Total Consumer Spending : $ 201 M $ 895 M $ 1580 M
2023 Median Age : 36 39 38
2023 Total Households : 3,384 11,447 20,233
2023 Pop Age 25+: Bachelor's Degree : 741 2,524 5,125
2023 Average Home Value : $ 240,782 $ 287,353 $ 279,775
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North High Street E Foundry St 2017 11,440 0.11 mi
North 2nd Street Prudential 2020 12,816 0.24 mi
North 2nd Street Espoma Rd 2019 13,930 0.24 mi
North High Street Oakwood Dr 2018 7,538 0.27 mi
N 2nd St Espoma Rd 2000 11,350 0.27 mi
Sharp Street Fernwood Dr 2020 19,539 0.30 mi
Sharp St Glenside Rd 2005 11,017 0.31 mi
Wheaton Ave G St 2018 12,187 0.31 mi
Wheaton Avenue Holly Hills Ct 2020 15,831 0.31 mi
N High St Oakwood Dr 2006 13,400 0.35 mi

Listing Broker

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