loader
Join Free
Views: 115 DOM: 192 Updated: 10.31.24 Posted: 05.13.24 Status: Active

Summary

Price $4,750,000
Built/Renov 2006
Tenant Walgreens
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,800
Lease Start 03-01-2007
#Units 13,532
Price/SF $320.95
Expiration 02-28-2074
Tenant Type Pharmacy
NOI $380,000
R. Term 49.3
Ownership Fee Simple
Rent/SF $25.68
Increases 0.0%/0/yrs
Pop 5Mi 30,229
Lot/AC 1.40
Options 0/0yrs
AHHI 5Mi $86,115

Lease Highlights

  • Walgreens has been operating in this location since 2007
  • The tenant has 57+ years remaining on the current lease term
  • The lease features termination options starting at year 25 with 6 months notice required
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of State Route 281 and Groton Avenue, the main retail corridor, with access to a combined daily traffic count of 30,400 vehicles. The property is adjacent to Grand Union Supermarket and surrounded by well-known national tenants including Walmart Supercenter, Price Chopper, Lowe’s, as well as auto dealerships,...

...

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
2029 Total Population : 7,707 24,295 29,172
2024 Total Population : 7,819 24,831 29,874
2024 Employed Civilian Pop : 3,317 12,122 14,868
2024 Total Businesses : 253 1,071 1,231
2024 Average Household Income : $ 90,382 $ 84,559 $ 88,103
2024 Total Consumer Spending : $ 192 M $ 730 M $ 918 M
2024 Median Age : 23 36 37
2024 Total Households : 2,406 9,730 11,760
2024 Pop Age 25+: Bachelor's Degree : 860 2,719 3,368
2024 Average Home Value : $ 189,159 $ 206,333 $ 220,577
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
State Highway 222 West Rd 2021 7,800 0.13 mi
State Hwy 222 Groton Ave 2006 11,280 0.16 mi
West Rd Crestwood Ct 2006 19,120 0.29 mi
West Road Kinney Gulf Rd 2018 17,367 0.50 mi
Neubig Rd 2021 4,139 0.51 mi
Mildred Ave 2021 2,440 0.60 mi
Townley Avenue Broadway Ave 2021 3,502 0.61 mi
Groton Avenue Stevenson St 2021 7,068 0.65 mi
Quail Rdg 2021 1,745 0.71 mi
Madison St 2021 1,040 0.74 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