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Views: 99 DOM: 174 Updated: 11.07.24 Posted: 05.21.24 Status: Active

Summary

Price $4,631,000
Built/Renov 1999
Tenant Walgreens
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,754
Lease Start 01-22-2002
#Units 13,532
Price/SF $313.88
Expiration 09-30-2036
Tenant Type Pharmacy
NOI $335,745
R. Term 11.10
Ownership Fee Simple
Rent/SF $22.76
Increases 0.0%/0/yrs
Pop 5Mi 31,700
Lot/AC 1.63
Options 7/5yrs
AHHI 5Mi $66,137

Lease Highlights

  • Walgreens has been operating in this location since 2002
  • The tenant has 11+ years remaining on the current lease term with 7 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the sginalized, hard corner intersection of S Main Street and W Arizona 89A seeing a combined traffic count of 40,640 vehicles passing daily. The site is situated along a dense retail corridor with neighboring national/credit tenants including Dollar Tree, Dutch Bros Coffee, Bank of America, Walmart, The Home Depot and many others. 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 : 7,596 26,333 33,127
2024 Total Population : 7,422 25,357 31,977
2024 Employed Civilian Pop : 3,483 11,406 14,441
2024 Total Businesses : 612 1,111 1,210
2024 Average Household Income : $ 68,846 $ 76,324 $ 76,415
2024 Total Consumer Spending : $ 189 M $ 756 M $ 950 M
2024 Median Age : 45 53 52
2024 Total Households : 3,111 11,207 14,052
2024 Pop Age 25+: Bachelor's Degree : 919 3,575 4,529
2024 Average Home Value : $ 450,875 $ 444,473 $ 443,610
*ESRI data is presented for informational purposes only

Listing Broker

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