loader
Join Free
Views: 83 DOM: 148 Updated: 10.30.24 Posted: 06.26.24 Status: Active

Summary

Price $5,234,000
Built/Renov 1997
Tenant Walgreens
Cap Rate 6.75%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 13,905
Lease Start 05-02-1997
#Units 13,532
Price/SF $376.41
Expiration 04-30-2034
Tenant Type Pharmacy
NOI $353,312
R. Term 9.5
Ownership Fee Simple
Rent/SF $25.41
Increases 0.0%/0/yrs
Pop 5Mi 465,078
Lot/AC 1.40
Options 6/5yrs
AHHI 5Mi $104,349

Lease Highlights

  • Walgreens has been operating in this location for over 25 years
  • The tenant has 9+ years remaining on the current lease term with 6 (5-year) options to extend
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of 82nd Avenue and Holgate Boulevard, with access to a combined daily traffic count of 40,238 vehicles. The property is situated in a dominant trade area across from Eastport Plaza, which sees 3.3 million annual visits, according to Placer.ai. The immediate area features well-known national tenants including Ross...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 25,559 205,003 479,670
2024 Total Population : 25,475 204,314 472,073
2024 Employed Civilian Pop : 14,414 118,693 268,849
2024 Total Businesses : 950 6,922 21,971
2024 Average Household Income : $ 101,430 $ 114,775 $ 119,755
2024 Total Consumer Spending : $ 876 M $ 8037 M $ 20176 M
2024 Median Age : 39 39 39
2024 Total Households : 9,922 80,800 194,652
2024 Pop Age 25+: Bachelor's Degree : 4,919 42,869 104,193
2024 Average Home Value : $ 569,395 $ 595,751 $ 637,181
*ESRI data is presented for informational purposes only

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity