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Views: 194 DOM: 428 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 7.7
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

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  • 1 Mile
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  • 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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Aron Cline

Berkeley Capital Advisors

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  • 177 Listings
  • 42606 Views
  • 53 Sold
Calvin Short

Berkeley Capital Advisors

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  • 187 Listings
  • 44326 Views
  • 55 Sold

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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