loader
Join Free
Views: 128 DOM: 86 Updated: 11.15.24 Posted: 09.27.24 Status: Active

Summary

Price $4,413,510
Built/Renov 2008
Tenant Walgreens
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,422
Lease Start 03-14-2014
#Units 13,532
Price/SF $306.03
Expiration 06-30-2038
Tenant Type Pharmacy
NOI $297,912
R. Term 13.6
Ownership Fee Simple
Rent/SF $20.66
Increases 0.0%/0/yrs
Pop 5Mi 15,602
Lot/AC 1.68
Options 10/5yrs
AHHI 5Mi $70,090

Lease Highlights

  • 16-year operating history
  • Walgreens has 13+ years remaining on the current lease term with 10 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee (NASDAQ: WBA)
  • Investment grade tenant (S&P: BBB-)

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of S Springfield Avenue and Aldrich Road, with access to a combined daily traffic count of 20,435 vehicles. As Bolivar's only drugstore, this Walgreens is the top-visited in the area, attracting approximately 234.2K visits over the past year, placing it in the top 10% of all Walgreens stores in Missouri and...

...

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
2028 Total Population : 3,752 12,645 15,767
2023 Total Population : 3,724 12,571 15,602
2023 Employed Civilian Pop : 1,519 5,143 6,433
2023 Total Businesses : 218 646 698
2023 Average Household Income : $ 69,000 $ 66,544 $ 70,090
2023 Total Consumer Spending : $ 86 M $ 287 M $ 369 M
2023 Median Age : 31 36 37
2023 Total Households : 1,422 4,893 5,981
2023 Pop Age 25+: Bachelor's Degree : 360 1,365 1,726
2023 Average Home Value : $ 239,411 $ 203,929 $ 208,088
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Hartford Ave 2022 1,156 0.11 mi
E Aldrich Rd 2022 4,391 0.21 mi
Denver 2022 1,782 0.24 mi
San Martin 2022 2,158 0.29 mi
S 132nd Rd 2022 2,941 0.44 mi
Andersen Dr S Springfield Ave 2019 16,630 0.45 mi
South Springfield Avenue E Mt Gilead Rd 2022 9,622 0.51 mi
Jones St 2022 1,756 0.57 mi
East Mount Gilead Road Hartford Ave 2022 1,158 0.59 mi
Pike Ave 2022 1,919 0.62 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