loader
Join Free
Views: 126 DOM: 124 Updated: 07.31.24 Posted: 07.31.24 Status: Active

Summary

Price $4,659,000
Built/Renov 2010
Tenant Walgreens
Cap Rate 8.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,741
Lease Start 09-07-2010
#Units 13,532
Price/SF $316.06
Expiration 09-30-2035
Tenant Type Pharmacy
NOI $403,000
R. Term 10.10
Ownership Fee Simple
Rent/SF $27.34
Increases 0.0%/0/yrs
Pop 5Mi 33,376
Lot/AC 2.29
Options 10/5yrs
AHHI 5Mi $54,791

Lease Highlights

  • Walgreens has been operating in this location since 2010
  • The tenant has 11+ years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of West Main Street and North Glenview Drive, two main thoroughfares with access to a robust combined daily traffic count of 53,400 vehicles. The property is just over a mile from Southern Illinois University’s main campus, the oldest and flagship campus of the SIU system. It is less than a mile from SIH Memorial...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Walgreens
  • Guarantor:Corp T and Rated
  • Company:Walgreens Boots Alliance
  • # Units:13,532
  • Tenant S&P: BBB-
  • Moody’s: Baa2
  • 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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 6,495 22,050 27,942
2024 Total Population : 6,729 22,655 28,736
2024 Employed Civilian Pop : 3,271 10,842 13,699
2024 Total Businesses : 337 1,267 1,467
2024 Average Household Income : $ 73,408 $ 61,185 $ 67,140
2024 Total Consumer Spending : $ 230 M $ 574 M $ 792 M
2024 Median Age : 35 28 30
2024 Total Households : 3,527 10,481 13,194
2024 Pop Age 25+: Bachelor's Degree : 934 2,832 3,699
2024 Average Home Value : $ 157,744 $ 185,357 $ 191,122
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Glenview Dr W Main St 2018 6,100 0.03 mi
W Main St N Glenview Dr 2013 28,200 0.06 mi
North Glenview Drive W Main St 2022 5,300 0.08 mi
Old W Main St S Hewitt St 2012 1,950 0.15 mi
Old West Main Street N Emerald Ln 2022 1,500 0.15 mi
W Main St N Glenview Dr 2013 23,900 0.17 mi
W Sycamore St N McKinley St 2002 4,750 0.18 mi
South Glenview Drive W Sunset Dr 2022 3,700 0.19 mi
West Sunset Drive S Glenview Dr 2018 2,850 0.20 mi
N McKinley St W Jefferson St 2012 500 0.21 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity