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Views: 92 Updated: 08.14.24 Posted: 01.31.24 Status: Inactive 10.01.24

Summary

Price $6,786,667
Built/Renov 2005
Tenant Walgreens
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,820
Lease Start 12-01-2023
#Units 13,532
Price/SF $457.94
Expiration 12-31-2030
Tenant Type Pharmacy
NOI $509,000
R. Term 6.1
Ownership Fee Simple
Rent/SF $34.35
Increases 0.0%/0/yrs
Pop 5Mi 237,815
Lot/AC 1.73
Options 10/5yrs
AHHI 5Mi $116,599

Lease Highlights

  • Walgreens has 6+ years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of Bustleton Pike and E Street Road, with a substantial combined daily traffic count of 77,709 vehicles. It is conveniently located adjacent to Poquessing Middle School, which has a faculty and student population of over 1,000. In the vicinity, there are several national retailers such as Dunkin' Donuts, Panera,...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 10,134 79,809 241,598
2023 Total Population : 10,144 80,777 243,850
2023 Employed Civilian Pop : 5,365 41,829 127,192
2023 Total Businesses : 826 3,805 8,760
2023 Average Household Income : $ 121,153 $ 121,353 $ 121,834
2023 Total Consumer Spending : $ 384 M $ 3141 M $ 9559 M
2023 Median Age : 43 46 45
2023 Total Households : 3,778 30,587 92,652
2023 Pop Age 25+: Bachelor's Degree : 1,836 14,895 45,196
2023 Average Home Value : $ 428,651 $ 400,067 $ 399,899
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Bustleton Pike Franklin Ave 2022 13,892 0.14 mi
E Street Rd Harding Ave 2017 40,886 0.20 mi
Bustleton Pike Gerald Ave 2016 27,065 0.29 mi
W Maple Arbor Ln 2017 20,233 0.40 mi
E Street Rd Pennsylvania Blvd 2017 27,537 0.43 mi
Street Road Central Ave 2019 19,033 0.53 mi
Bustleton Pike 2nd St 2019 14,905 0.60 mi
Bustleton Pike Ruth St 2022 12,950 0.61 mi
Bustleton Pike Stoltz Ave 2021 29,281 0.62 mi
Buck Road Bristol Rd 2021 14,818 0.63 mi

Listing Broker

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