loader
Join Free
Views: 88 DOM: 179 Updated: 11.19.24 Posted: 06.25.24 Status: Active

Summary

Price $4,882,352
Built/Renov 2004
Tenant Walgreens
Cap Rate 8.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 13,650
Lease Start 06-01-2004
#Units 13,532
Price/SF $357.68
Expiration 08-31-2029
Tenant Type Pharmacy
NOI $414,999
R. Term 4.8
Ownership Fee Simple
Rent/SF $30.40
Increases 0.0%/0/yrs
Pop 5Mi 189,697
Lot/AC 1.15
Options 10/5yrs
AHHI 5Mi $105,328

Lease Highlights

  • Walgreens has been operating in this location for 20 years
  • The tenant has 4+ 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 Crain Highway and Crainmont Drive, with access to a combined daily traffic count of 31,400 vehicles. The property is in the heart of an active commercial corridor surrounded by well-known national tenants, including CVS Pharmacy, Target, Starbucks, Ace Hardware, TD Bank, and more. The 5-mile trade area is...

...

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 : 20,999 87,624 206,061
2024 Total Population : 20,714 86,371 203,037
2024 Employed Civilian Pop : 10,945 47,471 110,752
2024 Total Businesses : 539 3,570 7,074
2024 Average Household Income : $ 90,705 $ 130,449 $ 137,457
2024 Total Consumer Spending : $ 685 M $ 3724 M $ 9023 M
2024 Median Age : 35 38 38
2024 Total Households : 8,497 32,871 75,876
2024 Pop Age 25+: Bachelor's Degree : 3,031 13,347 33,056
2024 Average Home Value : $ 530,908 $ 507,605 $ 512,301
*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