Join Free
Views: 38 DOM: 75 Updated: 06.10.24 Posted: 03.29.24 Status: Active


Price $4,165,517
Built/Renov 2007
Tenant Walgreens
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,740
Lease Start 05-01-2007
#Units 13,532
Price/SF $282.60
Expiration 04-30-2032
Tenant Type Pharmacy
NOI $302,000
R. Term 7.10
Ownership Fee Simple
Rent/SF $20.49
Increases 0.0%/0/yrs
Pop 5Mi 133,913
Lot/AC 1.39
Options 10/5yrs
AHHI 5Mi $105,592

Lease Highlights

  • Walgreens has been operating in this location since 2007
  • The tenant has 8 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 is strategically located at the signalized, hard corner intersection of Salt Lick Road and Boschert's Landing Blvd., with access to a combined daily traffic count of 17,000 vehicles. The property is situated within a dense retail corridor, surrounded by well-known national tenants including Phillips 66, Jiffy Lube, Popeyes, UPS, and more. Additionally, it is...



  • 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...



Collection Street Cross Street Year Traffic Vol Distance
Boshert Landing Boulevard Salt Lick Rd 2019 5,132 0.04 mi
Salt Lick Road Boschert Landing Blvd 2019 11,373 0.06 mi
Timberbrook Drive Salt Lick Rd 2019 5,154 0.07 mi
Salt Lick Road Janis Ann Dr 2019 11,179 0.09 mi
Janis Ann Drive Janis Ann Dr 2019 5,503 0.12 mi
Janis Ann Drive Salt Lick Rd 2019 2,075 0.13 mi
Salt Lick Road Veteran's Memorial Pkwy 2019 11,474 0.17 mi
Salt Lick Road Timberbrook Dr 2022 9,073 0.21 mi
Salt Lick Rd Laurelwood Dr 2013 19,278 0.29 mi
Salt Lick Rd 2022 8,917 0.35 mi

Listing Broker

Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT



my activity