loader
Join Free
Views: 88 Updated: 05.21.24 Posted: 06.01.23 Status: Inactive

Summary

Price $6,864,000
Built/Renov 2003
Tenant Walgreens
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,842
Lease Start 04-13-2003
#Units 13,532
Price/SF $462.47
Expiration 04-30-2028
Tenant Type Pharmacy
NOI $429,000
R. Term 3.5
Ownership Fee Simple
Rent/SF $28.90
Increases 0.0%/0/yrs
Pop 5Mi 185,464
Lot/AC 1.88
Options 7/5yrs
AHHI 5Mi $142,727

Lease Highlights

  • Walgreens has been operating in this location since 2003
  • Tenant has over 4 years remaining on the current lease term with 7 (5-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by Walgreens Boots Alliance (NASDAQ: WBA)
  • Walgreens is an investment grade tenant (S&P;BBB)

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of West 151st Street and South Blackbob Road with access to a combined 28,694 vehicles per day. The site is located along a major east-west corridor that leads traffic to and from Interstate-35 (75,500 VPD) increasing consumer traffic to the area. National/credit tenants in the area include Lowe’s, Hy-Vee, Menards,...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 14,043 86,279 189,609
2023 Total Population : 14,262 84,142 186,413
2023 Employed Civilian Pop : 8,123 46,639 101,611
2023 Total Businesses : 194 2,398 6,000
2023 Average Household Income : $ 140,276 $ 146,730 $ 139,858
2023 Total Consumer Spending : $ 554 M $ 3629 M $ 8007 M
2023 Median Age : 36 36 36
2023 Total Households : 4,709 29,256 67,482
2023 Pop Age 25+: Bachelor's Degree : 3,574 20,331 43,332
2023 Average Home Value : $ 350,635 $ 394,000 $ 391,775
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Blackbob Rd W 150th Ter 2015 14,203 0.05 mi
W 151st St W 150th Ter 2015 14,491 0.06 mi
S Lackman Rd W 153rd Ter 2015 13,934 0.13 mi
S Mullen St W 151st Ter 2015 1,811 0.38 mi
Access Rd W 151st St 2015 1,509 0.39 mi
S Lackman Rd W 154th St 2004 8,310 0.43 mi
West 151st Street S Alden St 2021 17,274 0.45 mi
South Blackbob Road W 147th St 2018 19,800 0.47 mi
W 151st St Access Rd 2015 20,899 0.47 mi
West 151st Street S Arapaho Dr 2021 21,087 0.55 mi

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