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

Summary

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...

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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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Traffic

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

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