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| Price $4,000,000 | Built/Renov 2004 | Tenant Walgreens |
| Cap Rate 7.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
14,820
| Lease Start
09-01-2004
| #Units
13,532
|
| Price/SF $269.91 | Expiration
03-31-2036
| Tenant Type Pharmacy |
| NOI $280,000 | R. Term 11.3 | Ownership Fee Simple |
| Rent/SF
$18.89
| Increases 0.0%/0/yrs | Pop 5Mi 15,403 |
| Lot/AC 1.35 | Options 9/5yrs | AHHI 5Mi $132,933 |
| | |
Walgreens is strategically located at the signalized, hard-corner intersection of Walnut Street and Highway 40, with access to a combined daily traffic count of 17,600 vehicles. The property is conveniently situated minutes from downtown Highland and near well-known national tenants such as McDonald's, Walmart, Dollar General, O'Reilly Auto Parts, and others. Additionally, it is less than 1...
...Signalized intersection
In location for years
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent AHHI $100K 5 Mi
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 | |
| 2029 Total Population : | 4,449 | 12,333 | 15,485 |
| 2024 Total Population : | 4,619 | 12,721 | 15,805 |
| 2024 Employed Civilian Pop : | 2,379 | 6,510 | 8,146 |
| 2024 Total Businesses : | 416 | 513 | 553 |
| 2024 Average Household Income : | $ 91,366 | $ 102,498 | $ 111,455 |
| 2024 Total Consumer Spending : | $ 173 M | $ 478 M | $ 629 M |
| 2024 Median Age : | 40 | 42 | 42 |
| 2024 Total Households : | 2,161 | 5,343 | 6,497 |
| 2024 Pop Age 25+: Bachelor's Degree : | 679 | 2,015 | 2,575 |
| 2024 Average Home Value : | $ 257,917 | $ 265,494 | $ 290,690 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Walnut St | Hwy 40 | 2011 | 10,600 | 0.04 mi |
| US Highway 40 | Industrial Ct | 2019 | 6,150 | 0.07 mi |
| State Rte 143 | Sportsman Rd | 2011 | 14,500 | 0.10 mi |
| Walnut St | 4th St | 2011 | 10,600 | 0.12 mi |
| US Hwy 40 | Woodcrest Professional Park | 2011 | 11,000 | 0.13 mi |
| Sportsman Rd | State Hwy143 | 2011 | 2,900 | 0.18 mi |
| State Rte 143 | Central Blvd | 2011 | 13,400 | 0.20 mi |
| Walnut St | 5th St | 2011 | 10,400 | 0.20 mi |
| Walnut St | 6th St | 2011 | 10,200 | 0.26 mi |
| 6th St | Washington St | 2011 | 4,650 | 0.28 mi |
Jerseyville, IL
Cap Rate 7.50%
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Chicago, IL
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Cap Rate 7.35%
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Granbury, TX
Cap Rate 6.75%
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New Hyde Park, NY
Cap Rate 7.50%
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Gettysburg, PA
Cap Rate 8.00%
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R. Term 6.10 yrs
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Mount Pleasant, TX
Cap Rate 6.00%
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St. Marys, GA
Cap Rate 6.25%
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R. Term 11.50 yrs
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Las Vegas, NV
Cap Rate 7.00%
Lease Abs NNN
R. Term 7.40 yrs
Size/SF 15,600
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
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