Join Free
Views: 77 DOM: 98 Updated: 07.03.24 Posted: 04.05.24 Status: Active


Price $4,800,000
Built/Renov 2004
Tenant Walgreens
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,560
Lease Start 07-15-2005
#Units 13,532
Price/SF $353.22
Expiration 07-31-2030
Tenant Type Pharmacy
NOI $360,000
R. Term 6.0
Ownership Fee Simple
Rent/SF $24.73
Increases 0.0%/0/yrs
Pop 5Mi 100,764
Lot/AC 1.36
Options 10/5yrs
AHHI 5Mi $73,028

Lease Highlights

  • Walgreens has been operating in this location since 2005
  • The tenant has 6+ years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of W McKinley Way and N Main Street, with access to a combined daily traffic count of 28,883 vehicles. Just a few blocks west of the property lies Interstate-680, which experiences a daily traffic count of 37,376 vehicles. Additionally, it is situated within 5 minutes from Southland Crossing, a power center anchored...



  • 1 Mile
  • 3 Miles
  • 5 Miles


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 : 5,531 48,403 99,051
2023 Total Population : 5,609 49,281 100,764
2023 Employed Civilian Pop : 2,983 24,293 46,528
2023 Total Businesses : 317 2,401 4,008
2023 Average Household Income : $ 96,129 $ 80,548 $ 73,028
2023 Total Consumer Spending : $ 203 M $ 1521 M $ 2826 M
2023 Median Age : 49 47 45
2023 Total Households : 2,452 21,695 44,330
2023 Pop Age 25+: Bachelor's Degree : 1,170 7,614 13,592
2023 Average Home Value : $ 256,522 $ 189,511 $ 175,795
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
W McKinley Way E McKinley Way 2018 20,059 0.02 mi
North Main Street Sheridan Rd 2021 7,422 0.04 mi
N Main St Sheridan Rd 2016 8,160 0.05 mi
West McKinley Way Ohio Ave 2021 20,999 0.10 mi
East McKinley Way Water St 2021 17,546 0.11 mi
South Main Street Colonial Estates Dr 2021 8,815 0.11 mi
Ohio Avenue Lee Dr 2021 465 0.12 mi
Water Street E McKinley Way 2021 791 0.14 mi
South Main Street College St 2021 12,010 0.17 mi
Pennsylvania Ave Wendy Ln 2004 2,567 0.18 mi

Listing Broker

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



my activity