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Views: 77 DOM: 160 Updated: 11.19.24 Posted: 06.25.24 Status: Active

Summary

Price $4,882,352
Built/Renov 2004
Tenant Walgreens
Cap Rate 8.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 13,650
Lease Start 06-01-2004
#Units 13,532
Price/SF $357.68
Expiration 08-31-2029
Tenant Type Pharmacy
NOI $414,999
R. Term 4.9
Ownership Fee Simple
Rent/SF $30.40
Increases 0.0%/0/yrs
Pop 5Mi 189,697
Lot/AC 1.15
Options 10/5yrs
AHHI 5Mi $105,328

Lease Highlights

  • Walgreens has been operating in this location for 20 years
  • The tenant has 4+ years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of Crain Highway and Crainmont Drive, with access to a combined daily traffic count of 31,400 vehicles. The property is in the heart of an active commercial corridor surrounded by well-known national tenants, including CVS Pharmacy, Target, Starbucks, Ace Hardware, TD Bank, and more. The 5-mile trade area 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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 20,999 87,624 206,061
2024 Total Population : 20,714 86,371 203,037
2024 Employed Civilian Pop : 10,945 47,471 110,752
2024 Total Businesses : 539 3,570 7,074
2024 Average Household Income : $ 90,705 $ 130,449 $ 137,457
2024 Total Consumer Spending : $ 685 M $ 3724 M $ 9023 M
2024 Median Age : 35 38 38
2024 Total Households : 8,497 32,871 75,876
2024 Pop Age 25+: Bachelor's Degree : 3,031 13,347 33,056
2024 Average Home Value : $ 530,908 $ 507,605 $ 512,301
*ESRI data is presented for informational purposes only

Listing Broker

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