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Views: 44 DOM: 79 Updated: 09.03.24 Posted: 09.03.24 Status: Active

Summary

Price $5,605,000
Built/Renov 2003
Tenant Walgreens
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,560
Lease Start 03-12-2004
#Units 13,532
Price/SF $384.96
Expiration 03-31-2029
Tenant Type Pharmacy
NOI $364,300
R. Term 4.4
Ownership Fee Simple
Rent/SF $25.02
Increases 0.0%/0/yrs
Pop 5Mi 71,358
Lot/AC 2.03
Options 5/0yrs
AHHI 5Mi $153,918

Lease Highlights

  • Walgreens has been operating in this location since 2004
  • The tenant has 4+ years remaining on the current lease term with 4 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of US 280 and Doug Baker Boulevard, with access to a substantial combined daily traffic count of 89,848 vehicles. The property is a high-visibility outparcel to the Village at Lee Branch, a retail power center anchored by Publix, Dick’s Sporting Goods, Hobby Lobby, Golf Galaxy, and more. It conveniently fronts US...

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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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