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| Price $3,132,835 | Built/Renov 2008 | Tenant Walgreens |
| Cap Rate 5.75% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
14,700
| Lease Start
03-13-2014
| #Units
8,896
|
| Price/SF $213.12 | Expiration
06-30-2038
| Tenant Type Pharmacy |
| NOI $180,138 | R. Term 13.6 | Ownership Fee Simple |
| Rent/SF
$12.25
| Increases 0.0%/0/yrs | Pop 5Mi 159,783 |
| Lot/AC 1.56 | Options 11/5yrs | AHHI 5Mi $87,373 |
| | |
Walgreens is strategically located at the signalized, hard corner intersection of W Maplewood Lane and US Highway 41, a primary thoroughfare, with a combined daily traffic count of 21,000 vehicles. The property benefits from immediate access to the Interstate 65 Interchange (171,700 VPD) and Interstate 24 (74,500 VPD). Surrounding the immediate area are well-known national retailers, including...
...Signalized intersection
Dense retail corridor
Highway location
Top 100 MSA
Strong demographics
Income tax free state
Recently extended lease
Absolute NNN
Traded and rated company
Investment grade 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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 4,825 | 65,208 | 174,898 |
| 2023 Total Population : | 4,671 | 60,232 | 159,783 |
| 2023 Employed Civilian Pop : | 2,174 | 30,995 | 84,231 |
| 2023 Total Businesses : | 219 | 1,727 | 5,971 |
| 2023 Average Household Income : | $ 52,177 | $ 80,154 | $ 87,373 |
| 2023 Total Consumer Spending : | $ 86 M | $ 1772 M | $ 5297 M |
| 2023 Median Age : | 35 | 38 | 38 |
| 2023 Total Households : | 1,885 | 25,238 | 69,300 |
| 2023 Pop Age 25+: Bachelor's Degree : | 368 | 10,024 | 28,927 |
| 2023 Average Home Value : | $ 444,235 | $ 377,450 | $ 406,216 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| I- 65 | 2022 | 7,621 | 0.22 mi | |
| Dickerson Pike | 2022 | 4,886 | 0.29 mi | |
| Dickerson Pike | 2022 | 6,380 | 0.31 mi | |
| I- 65 | 2022 | 2,911 | 0.37 mi | |
| Dickerson Pike | Ewing Dr | 2022 | 21,016 | 0.39 mi |
| I- 65 | 2022 | 12,866 | 0.42 mi | |
| I- 65 | Briley Pkwy | 2006 | 93,016 | 0.47 mi |
| Dickerson Pike | 2022 | 3,880 | 0.51 mi | |
| Broadmoor Dr | Maplewood Ln | 2018 | 11,174 | 0.54 mi |
| Broadmoor Drive | Maplewood Ln | 2022 | 9,837 | 0.54 mi |
Booneville, MS
Cap Rate 6.50%
Lease Abs NNN
R. Term 11.30 yrs
Size/SF 14,889
Tifton, GA
Cap Rate 6.75%
Lease Abs NNN
R. Term 5.20 yrs
Size/SF 10,940
Bainbridge, GA
Cap Rate 6.10%
Lease NN+
R. Term 12.70 yrs
Size/SF 10,199
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
