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Views: 57 DOM: 85 Updated: 08.12.24 Posted: 06.14.24 Status: Active

Summary

Price $5,096,000
Built/Renov 2010
Tenant Walgreens
Cap Rate 8.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 14,736
Lease Start 01-01-2010
#Units 13,532
Price/SF $345.82
Expiration 01-31-2035
Tenant Type Pharmacy
NOI $407,712
R. Term 10.4
Ownership Fee Simple
Rent/SF $27.67
Increases 0.0%/0/yrs
Pop 5Mi 43,832
Lot/AC 2.53
Options 0/0yrs
AHHI 5Mi $109,150

Lease Highlights

  • Walgreens has been operating in this location for 14+ years
  • The tenant has 10+ years of firm term remaining
  • Automatic renewal through January 31, 2085  
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of South 129th Street and Kansas Avenue, with access to a combined daily traffic count of 31,000 vehicles. The property is within walking distance of multifamily apartment communities such as Richland Apartments & Townhomes and Bonner Highlands Apartments. The immediate area is surrounded by well-known national...

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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...


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Listing Broker

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