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Views: 175 DOM: 191 Updated: 11.17.24 Posted: 05.14.24 Status: Active

Summary

Price $1,750,000
Built/Renov 2024
Tenant Walgreens
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 2,560
Lease Start 05-02-2024
#Units 13,532
Price/SF $683.59
Expiration 05-31-2034
Tenant Type Pharmacy
NOI $96,300
R. Term 9.6
Ownership Fee Simple
Rent/SF $37.62
Increases 0.0%/0/yrs
Pop 5Mi 7,196
Lot/AC 0.95
Options 11/5yrs
AHHI 5Mi $52,862

Lease Highlights

  • Brand-new 2024 construction
  • Walgreens recently executed a brand new 10-year lease with 11 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the hard corner intersection of N Walnut St and Leesville St., with access to a combined daily traffic count of 9,000 vehicles. The property is surrounded by well-known national tenants including Food Lion, Dollar Tree, Advance Auto Parts, Family Dollar, and more. Additionally, it has excellent visibility and multiple points of ingress/egress. Furthermore,...

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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
2029 Total Population : 1,958 4,099 6,789
2024 Total Population : 2,011 4,198 6,960
2024 Employed Civilian Pop : 637 1,458 2,498
2024 Total Businesses : 161 202 232
2024 Average Household Income : $ 51,785 $ 53,542 $ 57,483
2024 Total Consumer Spending : $ 41 M $ 87 M $ 155 M
2024 Median Age : 50 48 47
2024 Total Households : 866 1,774 2,946
2024 Pop Age 25+: Bachelor's Degree : 143 256 433
2024 Average Home Value : $ 114,221 $ 126,376 $ 130,189
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Leesville Street Morro St 2021 1,777 0.04 mi
N Walnut St 2022 6,053 0.07 mi
Byrd Street Leesville St 2022 2,609 0.09 mi
Main Street Thompson St 2022 3,558 0.15 mi
Main St Red Cross St 2004 3,900 0.22 mi
Red Cross St 2022 5,316 0.23 mi
North Walnut Street Sandy St 2022 8,916 0.23 mi
Iona Street Mitchell St 2019 2,600 0.24 mi
Iona Street Mitchell St 2022 2,398 0.24 mi
Main Street Red Cross St 2018 3,100 0.25 mi

Listing Broker

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