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Views: 147 DOM: 360 Updated: 09.12.24 Posted: 12.27.23 Status: Active

Summary

Price $2,003,076
Built/Renov 1986
Tenant Walgreens
Cap Rate 6.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 13,035
Lease Start 08-27-1986
#Units 13,532
Price/SF $153.67
Expiration 08-31-2026
Tenant Type Pharmacy
NOI $130,200
R. Term 1.8
Ownership Fee Simple
Rent/SF $9.99
Increases 10.0%/2/yrs
Pop 5Mi 324,181
Lot/AC 0.68
Options 3/5yrs/10%
AHHI 5Mi $68,580

Lease Highlights

  • Walgreens has been operating in this location since 1986
  • Tenant has 2+ years remaining on the current lease term with 3 (5-year) options to extend
  • Lease features 10% rental increases at the start of each option period
  • Corporate guaranteed lease | Investment grade tenant (S&P: BBB)

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of Gravois Avenue and Holly Hills Avenue, with access to 27,900 vehicles passing by daily. The property is surrounded by well-known national tenants, including Papa Johns, Great Clips, 7-Eleven, Aldi, and more. In close proximity are Woerner Elementary School and Bishop DuBourg High School. 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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Kingshighway Boulevard Gresham Ave 2022 3,564 0.17 mi
Gravois Ave Cecil Pl 2010 18,083 0.17 mi
South Kingshighway Boulevard Rhodes Ave 2022 3,449 0.21 mi
S Kingshighway Blvd Schollmeyer Ave 2012 7,832 0.21 mi
Christy Boulevard Eichelberger St 2022 2,355 0.22 mi
Gravois Ave Cecil Pl 2009 17,114 0.26 mi
Carlsbad Ave Holly Hills Blvd 2002 6,061 0.26 mi
Holly Hills Blvd Christy Dr 2013 6,410 0.31 mi
Loughborough Ave Gravois Ave 2018 8,508 0.35 mi
Loughborough Avenue Gravois Ave 2022 8,426 0.36 mi

Listing Broker

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