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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 3.7
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,...

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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 : 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

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