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Views: 43 DOM: 72 Updated: 05.29.24 Posted: 04.01.24 Status: Active

Summary

Price $4,309,677
Built/Renov 2002
Tenant Walgreens
Cap Rate 7.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,259
Lease Start 04-14-2023
#Units 13,532
Price/SF $351.55
Expiration 04-30-2028
Tenant Type Pharmacy
NOI $334,000
R. Term 3.10
Ownership Fee Simple
Rent/SF $27.25
Increases 0.0%/0/yrs
Pop 5Mi 192,095
Lot/AC 2.31
Options 10/5yrs
AHHI 5Mi $77,150

Lease Highlights

  • Walgreens has 4 years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Investment grade tenant (S&P: BBB-)
  • Corporate guaranteed lease (NASDAQ: WBA)

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of Maxey Road and Woodforest Blvd., with access to 26,600 vehicles passing by daily. Its advantageous location ensures excellent visibility and features prominent signage at the intersection, along with convenient access points. Moreover, the surrounding area is characterized by densely populated...

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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 : 14,271 81,839 189,531
2023 Total Population : 14,195 81,344 186,860
2023 Employed Civilian Pop : 5,851 35,962 80,761
2023 Total Businesses : 281 2,424 4,855
2023 Average Household Income : $ 55,061 $ 65,241 $ 67,878
2023 Total Consumer Spending : $ 243 M $ 1500 M $ 3481 M
2023 Median Age : 29 31 32
2023 Total Households : 4,942 26,043 58,270
2023 Pop Age 25+: Bachelor's Degree : 890 4,298 10,658
2023 Average Home Value : $ 172,894 $ 188,196 $ 204,344
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Wood Forest Dr Woodhurst St 2011 4,680 0.04 mi
Maxey Rd Wood Forest Dr 2011 20,490 0.05 mi
Maxey Road Wood Forest Dr 2019 20,933 0.05 mi
Wood Bayou Dr Maxey Rd 2011 2,550 0.15 mi
Eastbrook Dr Maxey Rd 2011 550 0.42 mi
Chalmette St St Edwards Green Dr 2011 110 0.46 mi
Maxey Rd Church Rd 2002 26,000 0.70 mi
Fleming Dr Federal Rd 2011 2,300 0.71 mi
2001 6,010 0.75 mi
Maxey Rd Keyport Ln 2011 4,820 0.82 mi

Listing Broker

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