loader
Join Free
Views: 65 DOM: 115 Updated: 07.31.24 Posted: 07.31.24 Status: Active

Summary

Price $3,858,000
Built/Renov 2008
Tenant Walgreens
Cap Rate 8.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,741
Lease Start 05-12-2008
#Units 13,532
Price/SF $261.72
Expiration 05-31-2033
Tenant Type Pharmacy
NOI $333,680
R. Term 8.6
Ownership Fee Simple
Rent/SF $22.64
Increases 0.0%/0/yrs
Pop 5Mi 15,516
Lot/AC 2.17
Options 50/1yrs
AHHI 5Mi $65,558

Lease Highlights

  • Walgreens has been operating in this location since 2008
  • The tenant has 8+ years remaining on the current lease term with 50 (1-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard-corner intersection of North Bridge Street and Oakland Drive, with access to a combined daily traffic count of 10,400 vehicles. The property is situated just over half a mile from Hugh Chatham Memorial Hospital and within 1.5 miles of a Walmart Supercenter, Lowe’s, Belk, Ingles Markets, Food Lion, Aaron’s, and more. The 5-mile trade...

...

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 2,271 9,022 15,167
2024 Total Population : 2,264 9,048 15,202
2024 Employed Civilian Pop : 1,140 4,459 7,259
2024 Total Businesses : 210 615 745
2024 Average Household Income : $ 70,416 $ 70,188 $ 75,095
2024 Total Consumer Spending : $ 61 M $ 245 M $ 444 M
2024 Median Age : 47 45 46
2024 Total Households : 992 3,898 6,563
2024 Pop Age 25+: Bachelor's Degree : 324 1,051 1,637
2024 Average Home Value : $ 291,871 $ 240,701 $ 237,543
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North Bridge Street Forest Hill Dr 2021 9,728 0.05 mi
North Bridge Street 2019 10,500 0.15 mi
North Bridge Street E Highland Ave 2018 9,400 0.15 mi
Claremont Drive Hill St 2021 2,699 0.27 mi
CC Camp Road Lyles St 2021 14,741 0.45 mi
North Bridge Street Collins Rd 2018 9,100 0.46 mi
North Bridge Street 2019 9,600 0.46 mi
CC Camp Rd Lyles St 2004 7,900 0.50 mi
US 21 BUS Triangle Ln 2021 9,271 0.54 mi
N Elkin Dr 2021 1,087 0.62 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