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Views: 81 DOM: 160 Updated: 09.29.24 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 10.2
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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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 1,539 10,818 45,292
2024 Total Population : 1,572 10,968 44,074
2024 Employed Civilian Pop : 832 5,971 24,454
2024 Total Businesses : 96 417 1,362
2024 Average Household Income : $ 131,458 $ 109,023 $ 136,644
2024 Total Consumer Spending : $ 69 M $ 414 M $ 1885 M
2024 Median Age : 39 37 38
2024 Total Households : 608 4,344 15,956
2024 Pop Age 25+: Bachelor's Degree : 240 1,255 7,471
2024 Average Home Value : $ 305,195 $ 285,071 $ 350,507
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S 130th St Kansas Ave 2018 25,800 0.07 mi
Kansas Ave S 130th St 2018 25,800 0.12 mi
S 130th St 2021 26,000 0.14 mi
Kansas Ave N Nettleton Ave 2016 3,380 0.15 mi
Kansas Avenue S 132nd St 2021 5,828 0.32 mi
N 130th St S 130th St 2016 24,100 0.47 mi
US 24;US 40 Davis Ave 2021 9,778 0.55 mi
US 24;US 40 Davis Ave 2021 9,778 0.55 mi
North 130th Street Riverview Ave 2021 26,000 0.60 mi
North 130th Street Riverview Ave 2021 26,000 0.62 mi

Listing Broker

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