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Views: 15 DOM: 9 Updated: 11.06.24 Posted: 11.06.24 Status: Active

Summary

Price $5,500,000
Built/Renov 2004
Tenant Walgreens
Cap Rate 6.92%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,490
Lease Start 08-01-2004
#Units 13,532
Price/SF $379.57
Expiration 08-31-2029
Tenant Type Pharmacy
NOI $380,600
R. Term 4.9
Ownership Fee Simple
Rent/SF $26.27
Increases 0.0%/0/yrs
Pop 5Mi 143,384
Lot/AC 1.69
Options 10/5yrs
AHHI 5Mi $90,711

Lease Highlights

  • Walgreens has a 20+ year operating history at this location
  • The tenant has 4+ years remaining on its current lease term with 10 (5-year) options to extend | No rent increases
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens, featuring 77 parking spots and a convenient drive-thru, is strategically located at the signalized, hard-corner intersection of Lebanon Pike and McGavock Pike, which together see a daily traffic count of 46,808 vehicles. Positioned within a high-performing retail corridor, the property benefits from proximity to major tenants such as Publix, Kroger, McDonald's, Starbucks, Taco Bell,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

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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