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Views: 75 DOM: 7 Updated: 09.11.24 Posted: 09.11.24 Status: Active

Summary

Price $4,306,238
Built/Renov 2000
Tenant Walgreens
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,490
Lease Start 09-01-2002
#Units 13,532
Price/SF $297.19
Expiration 08-31-2027
Tenant Type Pharmacy
NOI $344,499
R. Term 2.11
Ownership Fee Simple
Rent/SF $23.77
Increases 0.0%/0/yrs
Pop 5Mi 83,224
Lot/AC 1.86
Options 10/5yrs
AHHI 5Mi $86,303

Lease Highlights

  • Walgreens has been operating in this location since 2002
  • The tenant has 2+ years remaining on the current lease term with 10 (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 E Dayton Yellow Springs Road and Beaver Valley Road, with access to a combined daily traffic count of 38,300 vehicles. The property is within a 4-mile radius of Wright State University, Wright-Patterson Medical Center, and Wright-Patterson Air Force Base. The immediate area features prominent national retailers...

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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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