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Views: 55 Updated: 07.11.24 Posted: 03.11.24 Status: Inactive 07.11.24


Price $4,246,416
Built/Renov 1980/2014
Tenant Walgreens
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 13,650
Lease Start 06-30-2023
#Units 13,532
Price/SF $311.09
Expiration 06-30-2038
Tenant Type Pharmacy
NOI $265,401
R. Term 13.11
Ownership Fee Simple
Rent/SF $19.44
Increases 0.0%/0/yrs
Pop 5Mi 11,714
Lot/AC 1.37
Options 10/5yrs
AHHI 5Mi $102,250

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 US Hwy 12/Phillips Blvd. and Madison St., the main thoroughfare, with access to 18,300 vehicles passing by daily. The property is situated in a cluster of well-known national tenants, including Jewel-Osco, Piggly Wiggly, Ace Hardware, BMO Bank, O’Reilly Auto Parts, Culver’s, and Dunkin’. Additionally, three car...



  • 1 Mile
  • 3 Miles
  • 5 Miles


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...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,685 9,531 11,662
2023 Total Population : 3,724 9,588 11,714
2023 Employed Civilian Pop : 2,212 5,443 6,630
2023 Total Businesses : 234 451 501
2023 Average Household Income : $ 93,377 $ 97,311 $ 102,250
2023 Total Consumer Spending : $ 132 M $ 341 M $ 430 M
2023 Median Age : 40 41 42
2023 Total Households : 1,669 4,113 4,935
2023 Pop Age 25+: Bachelor's Degree : 624 1,786 2,170
2023 Average Home Value : $ 268,719 $ 302,942 $ 327,662
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Madison Street Webster Ave 2021 3,500 0.04 mi
Phillips Blvd Madison St 2017 16,100 0.07 mi
Water St Phillips Blvd 2017 7,800 0.15 mi
Water Street Broadway St 2021 7,500 0.15 mi
Water Street John Quincy Adams St 2021 1,300 0.19 mi
2021 1,300 0.24 mi
Madison St John Quincy Adams St 2002 410 0.25 mi
Phillips Blvd Spruce St 2017 15,400 0.26 mi
Phillips Boulevard John Adams St 2021 15,000 0.26 mi
August Derleth Bridge Water St 2021 18,300 0.26 mi

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