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Views: 100 DOM: 295 Updated: 08.12.24 Posted: 02.02.24 Status: Active

Summary

Price $2,913,000
Built/Renov 2007
Tenant Walgreens
Cap Rate 8.65%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 10,445
Lease Start 10-08-2007
#Units 13,532
Price/SF $278.89
Expiration 10-31-2032
Tenant Type Pharmacy
NOI $252,000
R. Term 7.11
Ownership Fee Simple
Rent/SF $24.13
Increases 0.0%/0/yrs
Pop 5Mi 11,972
Lot/AC 2.69
Options 10/5yrs
AHHI 5Mi $65,857

Lease Highlights

  • Walgreens has 8+ years remaining on the current lease term
  • Location is part of a 6-unit portfolio with options to be purchased together or individually
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of Perryville Blvd. & St Joseph St., with a combined daily traffic count of 24,700 vehicles. The property is located less than half a mile from St. Vincent High School and approximately 1.5 miles from Perryville High School. Furthermore, it is positioned approximately 1 mile away from Perry County Memorial Hospital....

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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
2028 Total Population : 3,921 10,022 11,810
2023 Total Population : 3,993 10,124 11,888
2023 Employed Civilian Pop : 1,789 4,486 5,352
2023 Total Businesses : 137 520 553
2023 Average Household Income : $ 70,238 $ 71,527 $ 73,428
2023 Total Consumer Spending : $ 106 M $ 261 M $ 310 M
2023 Median Age : 39 40 40
2023 Total Households : 1,707 4,133 4,797
2023 Pop Age 25+: Bachelor's Degree : 331 946 1,136
2023 Average Home Value : $ 180,066 $ 209,403 $ 220,898
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
T Rd Progress Dr 2005 3,102 0.20 mi
West Saint Joseph Street Giesler Ln 2022 4,350 0.23 mi
W Saint Joseph St Krieger Ln 2018 4,016 0.24 mi
S Perryville Blvd Edgemont Blvd 2014 13,121 0.35 mi
Grand Avenue N Moulton St 2022 324 0.38 mi
W St Joseph St Seminary Rd 2019 4,965 0.43 mi
Pcr 801 N Kingshighway St 2022 557 0.45 mi
Edgemont Blvd Big Spring Blvd 2014 2,814 0.49 mi
Edgemont Boulevard Zeno St 2018 1,272 0.54 mi
N Perryville Blvd Rand Ave 2019 11,445 0.58 mi

Listing Broker

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