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Views: 41 DOM: 35 Updated: 06.25.24 Posted: 06.07.24 Status: Active

Summary

Price $4,129,000
Built/Renov 2005/2011
Tenant Walgreens
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,672
Lease Start 03-02-2006
#Units 13,532
Price/SF $281.42
Expiration 03-31-2031
Tenant Type Pharmacy
NOI $289,000
R. Term 6.8
Ownership Fee Simple
Rent/SF $19.70
Increases 0.0%/0/yrs
Pop 5Mi 196,392
Lot/AC 1.44
Options 10/5yrs
AHHI 5Mi $135,894

Lease Highlights

  • Walgreens has been operating in this location since 2006
  • The tenant has 6+ years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of Pilot Knob Rd. and 140th St W, with access to a combined daily traffic count of 42,800 vehicles. The property is situated in a dense retail corridor, surrounded by well-known national tenants including Kohl’s, Home Depot, Sam’s Club, Ulta, Anytime Fitness, Michaels, and more. Moreover, the site benefits from...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Walgreens
  • Guarantor:Corp T and Rated
  • Company:Walgreens Boots Alliance
  • # Units:13,532
  • Tenant S&P: BBB-
  • Moody’s: Baa2
  • Stock: NASDAQ: WBA

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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