Views: 0 DOM: 96 Updated: 10.28.23 Posted: 09.06.23 Status: Active


Price $8,162,600
Built/Renov 2008
Tenant Walgreens
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,490
Lease Start 10-01-2008
#Units 8,896
Price/SF $563.33
Expiration 09-30-2033
Tenant Type Pharmacy
NOI $408,130
R. Term 9.9
Ownership Fee Simple
Rent/SF $28.17
Increases 0.0%/0/yrs
Pop 5Mi 98,877
Lot/AC 1.53
Options 10/5yrs
AHHI 5Mi $89,239

Lease Highlights

  • Walgreens has a 15+ year operating history at this location
  • Tenant has 10 years remaining on its current lease term with 10 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • The lease is signed by the corporate entity, Walgreen Co. (S&P: BBB)

Location Description

The property is located near the high traffic, signalized, hard-corner intersection of S. Perryville Road and Harrison Avenue with a combined daily traffic volume of 55,000 VPD. S. Perryville Rd is the major north-south retail thoroughfare serving the region and averages 28,000 VPD. The asset is less than 2 miles southeast of Forest Plaza, a 435,000SF shopping mall with major tenants including...



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  • Tenant: Walgreens
  • Guarantor:Corp T and Rated
  • Company:Walgreens Boots Alliance
  • # Units:8,896
  • Tenant S&P: BBB
  • Moody’s: Baa3
  • 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...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 3,864 36,582 99,416
2023 Total Population : 3,818 36,351 98,846
2023 Employed Civilian Pop : 1,628 16,948 46,394
2023 Total Businesses : 258 1,944 3,399
2023 Average Household Income : $ 89,827 $ 83,210 $ 84,958
2023 Total Consumer Spending : $ 133 M $ 1133 M $ 3009 M
2023 Median Age : 54 43 42
2023 Total Households : 1,728 15,673 40,812
2023 Pop Age 25+: Bachelor's Degree : 547 5,252 13,069
2023 Average Home Value : $ 184,280 $ 178,011 $ 169,330
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
S Perryville Rd Charles St 2004 20,600 0.05 mi
South Perryville Road 2017 19,300 0.08 mi
S Perryville Rd Charles St 2004 22,800 0.09 mi
Harrison Avenue S Perryville Rd 2017 19,000 0.13 mi
Charles St S Perryville Rd 2004 5,700 0.13 mi
Frontage Road 2017 175 0.14 mi
Harrison Ave S Perryville Rd 2004 18,700 0.15 mi
S Perryville Rd Harrison Ave 2004 10,200 0.17 mi
Harrison Ave S Perryville Rd 2004 16,100 0.19 mi
S Perryville Rd N Cherryvale Mall Dr 2004 22,800 0.20 mi

Listing Broker

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