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Views: 119 DOM: 261 Updated: 10.06.24 Posted: 03.17.24 Status: Active

Summary

Price $5,472,000
Built/Renov 2008
Tenant Walgreens
Cap Rate 6.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,820
Lease Start 04-06-2009
#Units 13,532
Price/SF $369.23
Expiration 04-30-2074
Tenant Type Pharmacy
NOI $342,000
R. Term 49.5
Ownership Fee Simple
Rent/SF $23.08
Increases 0.0%/0/yrs
Pop 5Mi 60,019
Lot/AC 1.93
Options 0/0yrs
AHHI 5Mi $98,226

Lease Highlights

  • Walgreens has been operating in this location since 2009
  • The tenant has 60 years remaining on the current lease term with the option to terminate beginning in 2034 (12 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 N Roan Street and Carroll Creek Road, with access to a combined daily traffic count of 20,800 vehicles. The property is surrounded by well-known national tenants, including Walmart Supercenter, Sam’s Club, The Home Depot, Lowe’s Home Improvement, Hobby Lobby, Food City, and more. The 5-mile trade area is...

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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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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,538 25,476 61,944
2023 Total Population : 4,436 24,552 60,256
2023 Employed Civilian Pop : 2,176 11,957 27,172
2023 Total Businesses : 174 1,420 2,864
2023 Average Household Income : $ 105,907 $ 112,567 $ 97,984
2023 Total Consumer Spending : $ 164 M $ 1030 M $ 2254 M
2023 Median Age : 43 45 45
2023 Total Households : 1,820 10,646 26,590
2023 Pop Age 25+: Bachelor's Degree : 717 4,952 10,882
2023 Average Home Value : $ 301,952 $ 330,704 $ 305,712
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
CARROLL CREEK RD. Bradford Ln 2021 7,501 0.20 mi
Carroll Creek Road Bart Green Dr 2022 8,046 0.61 mi
BOONES CREEK RD. Quality Cir 2020 17,412 0.78 mi
Boones Creek Road Quality Cir 2022 17,414 0.90 mi
I- 181 Boones Creek Rd 2003 41,050 0.99 mi
Boones Creek Rd 2022 6,978 1.04 mi
Lake Park Dr 2022 7,314 1.07 mi
Boones Station Rd 2022 5,465 1.12 mi
Boones Station Rd 2022 5,281 1.15 mi
Cedar Point Road Carroll Creek Rd 2022 749 1.22 mi

Listing Broker

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