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Views: 97 DOM: 117 Updated: 08.02.24 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 49.6
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 | 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,...

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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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