loader
Join Free
Views: 152 DOM: 672 Updated: 09.12.24 Posted: 01.12.23 Status: Active

Summary

Price $5,500,000
Built/Renov 2001
Tenant Walgreens
Cap Rate 5.64%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 16,185
Lease Start 05-01-2002
#Units 13,532
Price/SF $339.82
Expiration 09-30-2030
Tenant Type Pharmacy
NOI $310,000
R. Term 5.10
Ownership Fee Simple
Rent/SF $19.15
Increases 5.0%/7/yrs
Pop 5Mi 65,170
Lot/AC 0.53
Options 4/5yrs/5%
AHHI 5Mi $31,813

Lease Highlights

  • Walgreens has 7+ years remaining in their current term with 4 (5-year) options to extend
  • Lease features 5% rental increase every 5 years in options
  • Favorable NN+ lease landlord responsible for roof & structure
  • Interior renovation in 2021 at tenant’s expense
  • Corporate guarantee by Walgreens (S&P: BBB)

Location Description

This Walgreens is strategically located on E. Alleghany Avenue, a main throughfare that sees 17,475 VPD. The site is also directly adjacent to the SETPA Alleghany Train Station, a major commuter rail line in Philadelphia, bringing an influx of people to the immediate area. The property is in an extremely dense residential infill area with over 6000 people within a .25-mile radius. Nearby...

...

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 : 60,942 376,052 981,847
2023 Total Population : 61,431 368,892 966,983
2023 Employed Civilian Pop : 21,209 146,140 438,352
2023 Total Businesses : 1,501 9,203 32,590
2023 Average Household Income : $ 53,580 $ 66,642 $ 88,422
2023 Total Consumer Spending : $ 1030 M $ 8123 M $ 30334 M
2023 Median Age : 30 32 34
2023 Total Households : 21,887 138,739 394,069
2023 Pop Age 25+: Bachelor's Degree : 3,040 31,246 120,280
2023 Average Home Value : $ 164,957 $ 220,551 $ 289,435
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
E Hilton St Kensington Ave 2011 612 0.03 mi
Kensington Ave E Hilton St 2017 7,960 0.04 mi
E Allegheny Ave Jasper St 2017 6,661 0.05 mi
Kensington Ave E Lippincott St 2017 10,504 0.10 mi
East Allegheny Avenue Rosehill St 2021 14,495 0.13 mi
E Allegheny Ave Emerald St 2019 13,625 0.15 mi
G St E Madison St 2017 6,900 0.15 mi
E Allegheny Ave Custer St 2017 15,025 0.18 mi
E Allegheny Ave Frankford Ave 2017 6,661 0.23 mi
E Clearfield St Emerald St 2017 6,900 0.24 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