loader
Join Free
Views: 104 DOM: 134 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 4.11
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...

...

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...


...

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

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity