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Views: 55 DOM: 45 Updated: 10.24.24 Posted: 10.01.24 Status: Active

Summary

Price $5,760,000
Built/Renov 2005
Tenant Walgreens
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,550
Lease Start 03-01-2006
#Units 13,532
Price/SF $395.88
Expiration 03-31-2035
Tenant Type Pharmacy
NOI $417,719
R. Term 10.4
Ownership Fee Simple
Rent/SF $28.71
Increases 0.0%/0/yrs
Pop 5Mi 188,610
Lot/AC 2.80
Options 10/5yrs
AHHI 5Mi $129,540

Lease Highlights

  • New 10+ year extended lease term remaining
  • 10 (5-year) termination options starting 2/28/2031
  • Absolute NNN lease | Zero landlord responsibilities
  • Strong performing store & historical sales | Call for details
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of Drum Point Road and Hooper Avenue, with access to a combined daily traffic count of 39,642 vehicles. The property enjoys excellent visibility and access, surrounded by prominent national tenants such as McDonald’s, Taco Bell, KFC, 7-Eleven, CVS Pharmacy, ShopRite, and more. Additionally it is situated in an...

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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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Listing Broker

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