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Views: 98 DOM: 243 Updated: 11.21.24 Posted: 04.22.24 Status: Active

Summary

Price $6,794,000
Built/Renov 2013
Tenant Walgreens
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,838
Lease Start 03-01-2014
#Units 13,532
Price/SF $457.88
Expiration 02-28-2034
Tenant Type Pharmacy
NOI $441,603
R. Term 9.2
Ownership Fee Simple
Rent/SF $29.76
Increases 0.0%/0/yrs
Pop 5Mi 101,473
Lot/AC 2.34
Options 11/5yrs
AHHI 5Mi $81,420

Lease Highlights

  • Walgreens has been operating in this location for 10+ years
  • The tenant has 9+ years remaining on the current lease term with 11 (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 19th Street and Hamilton Boulevard, with access to a combined daily traffic count of 33,100 vehicles. The property benefits from nearby access onto Interstate 29, with a traffic count of 91,000 VPD. Additionally, it is situated within a dense retail trade area, surrounded by well-known national tenants including...

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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 : 16,887 58,569 100,906
2023 Total Population : 17,187 58,921 101,473
2023 Employed Civilian Pop : 8,219 29,163 52,003
2023 Total Businesses : 620 2,332 3,545
2023 Average Household Income : $ 65,386 $ 74,166 $ 81,420
2023 Total Consumer Spending : $ 358 M $ 1405 M $ 2692 M
2023 Median Age : 33 34 35
2023 Total Households : 6,238 21,648 37,854
2023 Pop Age 25+: Bachelor's Degree : 1,249 5,264 10,295
2023 Average Home Value : $ 147,780 $ 159,055 $ 182,089
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
W 19th St Omaha St 2015 7,100 0.05 mi
W 19th St Hamilton Blvd 2015 10,900 0.08 mi
Hamilton Blvd W 22nd St 2015 19,900 0.12 mi
W 19th St Silver St 2011 13,200 0.20 mi
Center St W 19th St 2015 6,900 0.26 mi
W 19th St Omaha St 2015 7,700 0.26 mi
Center St W 19th St 2011 4,540 0.27 mi
W 24th St W Solway St 2015 1,950 0.29 mi
W 19th St Center St 2015 7,400 0.29 mi
W Solway St Kennedy Dr 2007 1,270 0.30 mi

Listing Broker

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