| Price $5,379,310 | Built/Renov 2006 | Tenant Walgreens |
| Cap Rate 7.25% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
15,795
| Lease Start
11-25-2006
| #Units
8,896
|
| Price/SF $340.57 | Expiration
11-30-2031
| Tenant Type Pharmacy |
| NOI $390,000 | R. Term 7.6 | Ownership Fee Simple |
| Rent/SF
$24.69
| Increases 0.0%/0/yrs | Pop 5Mi 115,752 |
| Lot/AC 1.50 | Options 10/5yrs | AHHI 5Mi $134,756 |
| | |
Walgreens is strategically located at the signalized, hard corner intersection of Wildwood Road and E County Line Road, with access to a combined daily traffic count of 23,400 vehicles. The property boasts excellent visibility and frontage on Wildwood Road and is in an affluent part of White Bear Lake with dense residential neighborhoods providing a strong consumer base. Moreover, it is...
...Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade 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 : | 8,801 | 52,283 | 123,523 |
| 2023 Total Population : | 8,585 | 51,953 | 121,799 |
| 2023 Employed Civilian Pop : | 4,526 | 27,476 | 65,568 |
| 2023 Total Businesses : | 175 | 1,882 | 3,603 |
| 2023 Average Household Income : | $ 129,033 | $ 121,485 | $ 120,979 |
| 2023 Total Consumer Spending : | $ 362 M | $ 2190 M | $ 4917 M |
| 2023 Median Age : | 47 | 43 | 43 |
| 2023 Total Households : | 3,312 | 21,097 | 47,569 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,991 | 10,158 | 23,418 |
| 2023 Average Home Value : | $ 416,658 | $ 418,220 | $ 402,158 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Wildwood Rd | Wedgewood Dr | 2018 | 12,600 | 0.15 mi |
| East County Line Road | Wildwood Rd | 2022 | 11,793 | 0.16 mi |
| E County Line Rd | Mayfair Ct | 2016 | 7,000 | 0.26 mi |
| County Road E East | Rolling View Dr | 2022 | 7,985 | 0.31 mi |
| Woodland Dr | Echo Shores Ct | 2017 | 1,600 | 0.32 mi |
| County Road E East | Rolling View Dr | 2018 | 10,900 | 0.36 mi |
| Cedar Ave | Grand Ave | 2017 | 1,450 | 0.61 mi |
| Bellaire Avenue | Jansen Ave | 2021 | 2,951 | 0.61 mi |
| Bellaire Ave | Mayfair Ave | 2019 | 3,200 | 0.64 mi |
| Bellaire Ave | Dorothy Ave | 2016 | 3,050 | 0.66 mi |
Meridianville, AL
Cap Rate 6.90%
Lease Abs NNN
R. Term 9.90 yrs
Size/SF 13,225
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
