loader
Join Free
Views: 46 DOM: 94 Updated: 11.11.24 Posted: 08.13.24 Status: Active

Summary

Price $5,616,000
Built/Renov 2005
Tenant Walgreens
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,550
Lease Start 09-01-2022
#Units 13,532
Price/SF $385.98
Expiration 08-31-2035
Tenant Type Pharmacy
NOI $392,850
R. Term 10.9
Ownership Fee Simple
Rent/SF $27.00
Increases 5.0%/5/yrs
Pop 5Mi 86,662
Lot/AC 1.91
Options 12/5yrs/5%
AHHI 5Mi $78,541

Lease Highlights

  • Walgreens has 10+ years remaining on the current lease term with 12 (5-year) options to extend
  • The lease features 5% rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard-corner intersection of Nissan Drive and Enon Springs Road, with access to a combined daily traffic count of 41,000 vehicles. The property is in close proximity to the Nissan Smyrna Vehicle Assembly Plant, which employs approximately 8,000 people. Additionally, it is adjacent to a bustling Walmart Supercenter and near other well-known...

...

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 : 6,392 46,155 94,932
2024 Total Population : 5,832 42,971 86,227
2024 Employed Civilian Pop : 2,983 22,500 45,174
2024 Total Businesses : 222 1,093 2,086
2024 Average Household Income : $ 79,685 $ 86,036 $ 94,142
2024 Total Consumer Spending : $ 159 M $ 1235 M $ 2563 M
2024 Median Age : 33 36 36
2024 Total Households : 2,236 16,234 30,937
2024 Pop Age 25+: Bachelor's Degree : 701 5,283 11,088
2024 Average Home Value : $ 338,492 $ 377,319 $ 395,090
*ESRI data is presented for informational purposes only

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