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Views: 118 DOM: 66 Updated: 11.15.24 Posted: 09.27.24 Status: Active

Summary

Price $4,413,510
Built/Renov 2008
Tenant Walgreens
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,422
Lease Start 03-14-2014
#Units 13,532
Price/SF $306.03
Expiration 06-30-2038
Tenant Type Pharmacy
NOI $297,912
R. Term 13.7
Ownership Fee Simple
Rent/SF $20.66
Increases 0.0%/0/yrs
Pop 5Mi 15,602
Lot/AC 1.68
Options 10/5yrs
AHHI 5Mi $70,090

Lease Highlights

  • 16-year operating history
  • Walgreens has 13+ years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee (NASDAQ: WBA)
  • Investment grade tenant (S&P: BBB-)

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of S Springfield Avenue and Aldrich Road, with access to a combined daily traffic count of 20,435 vehicles. As Bolivar's only drugstore, this Walgreens is the top-visited in the area, attracting approximately 234.2K visits over the past year, placing it in the top 10% of all Walgreens stores in Missouri and...

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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
2028 Total Population : 3,752 12,645 15,767
2023 Total Population : 3,724 12,571 15,602
2023 Employed Civilian Pop : 1,519 5,143 6,433
2023 Total Businesses : 218 646 698
2023 Average Household Income : $ 69,000 $ 66,544 $ 70,090
2023 Total Consumer Spending : $ 86 M $ 287 M $ 369 M
2023 Median Age : 31 36 37
2023 Total Households : 1,422 4,893 5,981
2023 Pop Age 25+: Bachelor's Degree : 360 1,365 1,726
2023 Average Home Value : $ 239,411 $ 203,929 $ 208,088
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Hartford Ave 2022 1,156 0.11 mi
E Aldrich Rd 2022 4,391 0.21 mi
Denver 2022 1,782 0.24 mi
San Martin 2022 2,158 0.29 mi
S 132nd Rd 2022 2,941 0.44 mi
Andersen Dr S Springfield Ave 2019 16,630 0.45 mi
South Springfield Avenue E Mt Gilead Rd 2022 9,622 0.51 mi
Jones St 2022 1,756 0.57 mi
East Mount Gilead Road Hartford Ave 2022 1,158 0.59 mi
Pike Ave 2022 1,919 0.62 mi

Listing Broker

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