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Views: 146 DOM: 261 Updated: 11.07.24 Posted: 04.05.24 Status: Active

Summary

Price $5,334,000
Built/Renov 2005
Tenant Walgreens
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,820
Lease Start 04-07-2005
#Units 13,532
Price/SF $385.58
Expiration 04-30-2030
Tenant Type Pharmacy
NOI $400,000
R. Term 5.4
Ownership Fee Simple
Rent/SF $26.99
Increases 0.0%/0/yrs
Pop 5Mi 268,347
Lot/AC 1.57
Options 10/5yrs
AHHI 5Mi $77,816

Lease Highlights

  • Walgreens has been operating in this location since 2005
  • The tenant has 5 years remaining on the current lease term with 10 (5-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 Natural Bridge Ave and Kingshighway Blvd, with access to a combined daily traffic count of 55,700 vehicles. The property is adjacent to the Mark Twain/I-70 Industrial neighborhood, which features prominent employers including Pepsi Beverages, Triad Manufacturing Inc, Clark Logistic Services, Shapiro Metal Supply,...

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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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Kingshighway Blvd San Francisco Ave 2012 36,104 0.02 mi
N Kingshighway Blvd Palm St 2012 25,956 0.10 mi
Natural Bridge Avenue N Newstead Ave 2022 5,686 0.21 mi
Natural Bridge Ave N Euclid Ave 2019 15,909 0.26 mi
Margaretta Ave N Euclid Ave 2012 2,490 0.27 mi
Lee Ave Clara Pl 2013 2,034 0.30 mi
E Lee Ave 2022 1,422 0.32 mi
North Kingshighway Boulevard Penrose St 2018 10,454 0.34 mi
North Kingshighway Boulevard Maffitt Ave 2022 8,192 0.34 mi
Shreve Ave Sacramento Ave 2012 5,572 0.35 mi

Listing Broker

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