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Views: 63 DOM: 85 Updated: 08.06.24 Posted: 06.14.24 Status: Active

Summary

Price $3,100,000
Built/Renov 2005
Tenant Walgreens (Dark)
Cap Rate 8.39%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,490
Lease Start 09-01-2005
#Units 13,532
Price/SF $213.94
Expiration 09-30-2030
Tenant Type Pharmacy
NOI $260,000
R. Term 6.0
Ownership Fee Simple
Rent/SF $17.94
Increases 0.0%/0/yrs
Pop 5Mi 14,608
Lot/AC 1.76
Options 10/5yrs
AHHI 5Mi $71,979

Lease Highlights

  • Walgreens has 6+ years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee (NASDAQ: WBA)
  • Investment grade tenant (S&P: BBB-)

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of IN-3 and East Freeland Road, with access to a combined daily traffic count of 14,500 vehicles. The property is situated directly off the interstate, provides excellent visibility and access with multiple ingress/egress points. The immediate area is surrounded by well-known national tenants including Walmart,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Walgreens
  • Guarantor:Corp T and Rated
  • Company:Walgreens Boots Alliance
  • # Units:13,532
  • Tenant S&P: BBB-
  • Moody’s: Baa2
  • Stock: NASDAQ: WBA

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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