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Views: 45 DOM: 64 Updated: 05.05.24 Posted: 04.09.24 Status: Active 04.09.24

Summary

Price $4,353,429
Built/Renov 2003
Tenant Walgreens
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,553
Lease Start 07-16-2003
#Units 13,532
Price/SF $299.14
Expiration 01-22-2028
Tenant Type Pharmacy
NOI $304,740
R. Term 3.7
Ownership Fee Simple
Rent/SF $20.94
Increases 3.0%/5/yrs
Pop 5Mi 25,928
Lot/AC 1.46
Options 3/5yrs
AHHI 5Mi $62,166

Lease Highlights

  • Walgreens has a 23+ year operating history at this location
  • Tenant has 3+ years remaining on the initial lease term and 3 (5-year) options to extend
  • Lease features $6,912 rental escalations at each option period
  • Corporate guarantee (NASDAQ: WBA)
  • Investment grade tenant (S&P: BBB-)

Location Description

Walgreens benefits from its location at the intersection of Hillcrest Pkwy and Veterans Blvd (US-80) with a combined vehicle count of 25,000 vehicles per day. The property is less than three miles from the heart of downtown Dublin and the surrounding retail corridor with tenants such as Walmart, OfficeMax, Home Depot, Kroger, AMC Theaters, TJ Maxx, McDonald’s, Starbucks, AutoZone, Dairy Queen,...

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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 : 2,563 18,961 27,147
2023 Total Population : 2,589 18,707 26,769
2023 Employed Civilian Pop : 885 6,316 9,196
2023 Total Businesses : 370 1,181 1,443
2023 Average Household Income : $ 101,541 $ 71,230 $ 71,711
2023 Total Consumer Spending : $ 81 M $ 466 M $ 673 M
2023 Median Age : 49 41 40
2023 Total Households : 933 7,456 10,674
2023 Pop Age 25+: Bachelor's Degree : 313 1,446 2,002
2023 Average Home Value : $ 234,109 $ 216,351 $ 208,304
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Shamrock Drive Moss Creek Ln 2021 3,660 0.53 mi
Pine Forest Cir Pine Forest St 2005 1,050 0.62 mi
Shamrock Dr Peacock Dr 2005 4,150 0.64 mi
Bellevue Road Hodges St 2021 7,150 0.75 mi
Brookhaven Drive Regency Cir 2019 3,610 0.76 mi
Brookhaven Drive Payne Pl 2021 3,250 0.76 mi
Bellevue Road Crowley Rd 2021 4,650 0.81 mi
Bellevue Road Westview Dr 2019 4,650 0.81 mi
Roberson Street Greystone Rd 2021 4,210 0.84 mi
Ralph Wood Rd Hwy 80 2013 30 0.92 mi

Listing Broker

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