loader
Join Free
Views: 25 DOM: 42 Updated: 04.24.24 Posted: 04.05.24 Status: Active

Summary

Price $5,714,286
Built/Renov 2005
Tenant Walgreens
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,820
Lease Start 04-07-2005
#Units 8,896
Price/SF $385.58
Expiration 04-30-2030
Tenant Type Pharmacy
NOI $400,000
R. Term 5.11
Ownership Fee Simple
Rent/SF $26.99
Increases 0.0%/0/yrs
Pop 5Mi 268,347
Lot/AC 1.57
Options 10/5yrs
AHHI 5Mi $77,816

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 Natural Bridge Ave and Kingshighway Blvd, with access to a combined daily traffic count of 55,700 vehicles. The property is adjacent to the Mark Twain/I-70 Industrial neighborhood, which features prominent employers including Pepsi Beverages, Triad Manufacturing Inc, Clark Logistic Services, Shapiro Metal Supply,...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Walgreens
  • Guarantor:Corp T and Rated
  • Company:Walgreens Boots Alliance
  • # Units:8,896
  • 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...


...

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Kingshighway Blvd San Francisco Ave 2012 36,104 0.02 mi
N Kingshighway Blvd Palm St 2012 25,956 0.10 mi
Natural Bridge Avenue N Newstead Ave 2022 5,686 0.21 mi
Natural Bridge Ave N Euclid Ave 2019 15,909 0.26 mi
Margaretta Ave N Euclid Ave 2012 2,490 0.27 mi
Lee Ave Clara Pl 2013 2,034 0.30 mi
E Lee Ave 2022 1,422 0.32 mi
North Kingshighway Boulevard Penrose St 2018 10,454 0.34 mi
North Kingshighway Boulevard Maffitt Ave 2022 8,192 0.34 mi
Shreve Ave Sacramento Ave 2012 5,572 0.35 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

NEWSLETTER SIGN UP

Subscribe
my activity