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Views: 114 DOM: 164 Updated: 11.02.24 Posted: 07.10.24 Status: Active

Summary

Price $5,034,483
Built/Renov 2004
Tenant Walgreens
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,498
Lease Start 10-16-2004
#Units 13,532
Price/SF $347.25
Expiration 10-31-2029
Tenant Type Pharmacy
NOI $365,000
R. Term 4.10
Ownership Fee Simple
Rent/SF $25.18
Increases 0.0%/0/yrs
Pop 5Mi 106,130
Lot/AC 1.97
Options 10/5yrs
AHHI 5Mi $97,997

Lease Highlights

  • Walgreens has been operating in this location since 2004
  • 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 Gender Road and Winchester Blvd, with access to a combined daily traffic count of 38,709 vehicles. The property serves as a Walmart outparcel location and has immediate access to US Highway 33 (67,992 VPD). Additionally, it is surrounded by well-known national tenants including The Home Depot, Walmart...

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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 : 5,491 33,691 113,426
2024 Total Population : 5,400 32,115 107,135
2024 Employed Civilian Pop : 2,878 17,586 57,456
2024 Total Businesses : 241 676 2,227
2024 Average Household Income : $ 115,402 $ 116,029 $ 105,947
2024 Total Consumer Spending : $ 202 M $ 1214 M $ 3744 M
2024 Median Age : 36 36 36
2024 Total Households : 2,009 11,944 40,120
2024 Pop Age 25+: Bachelor's Degree : 1,028 5,458 17,066
2024 Average Home Value : $ 323,167 $ 314,988 $ 302,252
*ESRI data is presented for informational purposes only

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