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Views: 142 DOM: 81 Updated: 09.03.24 Posted: 09.03.24 Status: Active

Summary

Price $5,583,000
Built/Renov 2000
Tenant Walgreens
Cap Rate 6.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 15,120
Lease Start 10-07-2000
#Units 13,532
Price/SF $369.25
Expiration 08-31-2033
Tenant Type Pharmacy
NOI $362,880
R. Term 8.9
Ownership Fee Simple
Rent/SF $24.00
Increases 0.0%/0/yrs
Pop 5Mi 206,026
Lot/AC 1.94
Options 6/5yrs
AHHI 5Mi $186,539

Lease Highlights

  • Walgreens has been operating in this location since 2000
  • The tenant has 8+ years remaining on the current lease term with 6 (5-year) options to extend
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of State Bridge Road and Kimball Bridge Road, with access to a substantial combined daily traffic count of 71,400 vehicles. This prime location places the property at the center of a strong retail trade area, anchored by a neighboring Publix supermarket and complemented by national co-tenants such as Chick Fil A,...

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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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