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Views: 123 DOM: 368 Updated: 11.02.24 Posted: 11.30.23 Status: Active

Summary

Price $4,750,000
Built/Renov 2008
Tenant Walgreens
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,487
Lease Start 08-01-2008
#Units 13,532
Price/SF $327.88
Expiration 07-31-2033
Tenant Type Pharmacy
NOI $380,000
R. Term 8.8
Ownership Fee Simple
Rent/SF $26.23
Increases 0.0%/0/yrs
Pop 5Mi 461,663
Lot/AC 1.54
Options 50/1yrs
AHHI 5Mi $80,752

Lease Highlights

  • Walgreens has been operating in this location since 2008
  • Tenant has 8+ years remaining on the current lease term with 11 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease (NASDAQ: WBA)
  • Investment grade tenant (S&P: BBB)

Location Description

Walgreens is strategically located on West Greenfield Avenue, with access to 11,400 vehicles passing by daily. This main thoroughfare intersects with I-41/I-894 (173,000 VPD) and connects to I-94 (161,000 VPD). The property benefits from close proximity to several regional shopping centers and well-known national tenants, including Walmart, Target, Menards, ALDI, Walmart, Burlington,...

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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 : 22,142 188,253 463,527
2023 Total Population : 22,061 189,996 461,663
2023 Employed Civilian Pop : 10,814 90,376 218,855
2023 Total Businesses : 934 5,101 16,955
2023 Average Household Income : $ 67,247 $ 76,921 $ 80,752
2023 Total Consumer Spending : $ 584 M $ 5320 M $ 13655 M
2023 Median Age : 38 36 35
2023 Total Households : 9,996 79,441 193,963
2023 Pop Age 25+: Bachelor's Degree : 3,074 23,327 63,450
2023 Average Home Value : $ 218,598 $ 231,126 $ 247,165
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W Greenfield Ave S 61st St 2017 11,100 0.04 mi
West National Avenue S 61st St 2021 8,500 0.04 mi
W Greenfield Ave S 64th St 2017 11,400 0.16 mi
W National Ave S 64th St 2017 8,000 0.17 mi
W National Ave S 57th St 2017 14,300 0.26 mi
W Mitchell St S 62nd St 2011 4,000 0.29 mi
West Mitchell Street S 58th St 2021 2,500 0.36 mi
South 60th Street W Burnham St 2021 14,300 0.36 mi
West National Avenue S 47th St 2021 9,100 0.41 mi
W Beloit Rd S 57th St 2017 10,700 0.46 mi

Listing Broker

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