loader
Join Free
Views: 82 DOM: 160 Updated: 09.29.24 Posted: 06.14.24 Status: Active

Summary

Price $4,200,000
Built/Renov 2008
Tenant Walgreens
Cap Rate 8.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 13,650
Lease Start 10-06-2008
#Units 13,532
Price/SF $307.69
Expiration 10-31-2033
Tenant Type Pharmacy
NOI $336,000
R. Term 8.11
Ownership Fee Simple
Rent/SF $24.62
Increases 0.0%/0/yrs
Pop 5Mi 9,010
Lot/AC 1.48
Options 0/0yrs
AHHI 5Mi $57,063

Lease Highlights

  • Walgreens has a 15+ year operating history at this location
  • The tenant currently has 9+ years of firm term remaining
  • Automatic renewal through October 31, 2083
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of South Liberty Street and Manau Street, a significant east-west thoroughfare, with access to a combined daily traffic count of 14,000 vehicles. The property benefits from multiple points of ingress/egress and is surrounded by well-known national retailers such as Walmart, Huddle House, Subway, Zaxby’s, McDonald’s,...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Walgreens
  • Guarantor:Corp T and Rated
  • Company:Walgreens Boots Alliance
  • # Units:13,532
  • Tenant S&P: BBB-
  • Moody’s: Baa2
  • Stock: NASDAQ: WBA

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 : 3,870 8,155 9,982
2024 Total Population : 3,853 8,134 9,980
2024 Employed Civilian Pop : 1,431 3,069 3,841
2024 Total Businesses : 264 426 448
2024 Average Household Income : $ 72,552 $ 69,503 $ 72,878
2024 Total Consumer Spending : $ 101 M $ 205 M $ 265 M
2024 Median Age : 39 37 38
2024 Total Households : 1,580 3,313 4,074
2024 Pop Age 25+: Bachelor's Degree : 345 666 895
2024 Average Home Value : $ 208,615 $ 250,994 $ 260,999
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Liberty Street W 4th St 2019 11,100 0.07 mi
Old Herndon Road 4th St Exit 2019 3,730 0.12 mi
Shadrack Street W 5th St 2019 690 0.25 mi
Legion Drive Legion Rd 2019 50 0.29 mi
Jones Avenue W 5th St 2019 700 0.30 mi
Old Herndon Road Victory Dr 2018 3,020 0.42 mi
Old Herndon Road Victory Dr 2019 2,840 0.42 mi
W 6th St Shadrack St 2008 9,870 0.46 mi
W 4th St Red Bud Ln 2016 2,910 0.46 mi
Myrick Street Ct St 2019 1,520 0.47 mi

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