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Views: 45 DOM: 59 Updated: 07.26.24 Posted: 07.10.24 Status: Active

Summary

Price $3,337,615
Built/Renov 2004
Tenant Walgreens
Cap Rate 6.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 13,500
Lease Start 08-01-2009
#Units 13,532
Price/SF $247.23
Expiration 05-31-2036
Tenant Type Pharmacy
NOI $216,945
R. Term 11.8
Ownership Fee Simple
Rent/SF $16.07
Increases 0.0%/0/yrs
Pop 5Mi 157,300
Lot/AC 1.13
Options 6/5yrs
AHHI 5Mi $81,330

Lease Highlights

  • Walgreens has been operating in this location for over 15 years
  • The tenant has 11+ years remaining on the current lease term with 6 (5-year) options to extend
  • Low rent | Strong residuals
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of S Oneida Street and Cormier Road, with access to a combined daily traffic count of 30,900 vehicles. The property is conveniently situated less than 1 mile from Lambeau Field/Titletown in Green Bay, making it the closest pharmacy to the stadium. Lambeau Field, with a capacity of 81,441, is the largest venue in the...

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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...


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Listing Broker

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