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Views: 47 DOM: 130 Updated: 05.29.24 Posted: 02.02.24 Status: Active

Summary

Price $4,260,000
Built/Renov 2007
Tenant Walgreens
Cap Rate 8.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,749
Lease Start 09-17-2007
#Units 13,532
Price/SF $288.83
Expiration 09-30-2032
Tenant Type Pharmacy
NOI $368,500
R. Term 8.3
Ownership Fee Simple
Rent/SF $24.98
Increases 0.0%/0/yrs
Pop 5Mi 11,364
Lot/AC 1.55
Options 10/5yrs
AHHI 5Mi $59,162

Lease Highlights

  • Walgreens has 8+ years remaining on the current lease term
  • Location is part of a 6-unit portfolio with options to be purchased together or individually
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located on N High Street/Hwy 62, with access to 15,800 vehicles passing by daily. The property is situated across the street from Dunham’s Sports-anchored center, which includes Burger King and Taco Bell. Additionally, it is in close proximity to Highland District Hospital. The property also serves as an outparcel to Burkes Outlet and HealthSource Hillsboro...

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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 : 2,537 8,542 11,363
2023 Total Population : 2,504 8,494 11,347
2023 Employed Civilian Pop : 818 3,159 4,457
2023 Total Businesses : 219 580 641
2023 Average Household Income : $ 60,228 $ 63,333 $ 67,848
2023 Total Consumer Spending : $ 60 M $ 205 M $ 284 M
2023 Median Age : 41 42 42
2023 Total Households : 1,136 3,660 4,737
2023 Pop Age 25+: Bachelor's Degree : 176 715 913
2023 Average Home Value : $ 190,562 $ 187,615 $ 200,385
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N High St Fenner Ave 2003 16,800 0.15 mi
SR 138 Greenfield Pike 2021 2,027 0.41 mi
GREENFIELD RD N East St 2020 1,890 0.41 mi
Greenfield Pike 2019 2,095 0.41 mi
Speigle Street Speigle St 2021 1,201 0.54 mi
North High Street Catherine St 2021 14,280 0.55 mi
North West Street Somers St 2021 7,967 0.55 mi
State Route 73 Welcome Rd 2003 11,270 0.55 mi
State Route 138 SW 2003 2,190 0.64 mi
COLLINS AVE N West St 2020 1,413 0.76 mi

Listing Broker

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