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Views: 92 DOM: 64 Updated: 10.20.24 Posted: 09.18.24 Status: Active

Summary

Price $2,533,333
Built/Renov 2005
Tenant Walgreens (LH)
Cap Rate 9.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,490
Lease Start 07-23-2005
#Units 13,532
Price/SF $174.83
Expiration 07-30-2030
Tenant Type Pharmacy
NOI $228,000
R. Term 5.8
Ownership Leasehold
Rent/SF $15.73
Increases 0.0%/0/yrs
Pop 5Mi 180,397
Lot/AC 2.21
Options 10/5yrs
AHHI 5Mi $93,709

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 Ritchie Highway and E Ordnance Road, with access to a substantial combined daily traffic count of 64,878 vehicles. The property is adjacent to prominent national tenants including Costco, Walmart, Target, Aldi, Giant, and more. Situated near I-695, the site offers excellent connectivity and is within 7 miles of...

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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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Listing Broker

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