loader
Join Free
Views: 88 DOM: 198 Updated: 04.28.24 Posted: 03.02.24 Status: Active

Summary

Price $6,645,454
Built/Renov 2001
Tenant Walgreens
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 15,064
Lease Start 05-25-2001
#Units 13,532
Price/SF $441.15
Expiration 10-31-2034
Tenant Type Pharmacy
NOI $365,500
R. Term 10.1
Ownership Fee Simple
Rent/SF $24.26
Increases 0.0%/0/yrs
Pop 5Mi 230,901
Lot/AC 1.52
Options 8/5yrs
AHHI 5Mi $80,007

Lease Highlights

  • Walgreens has been operating in this location since 2001
  • The tenant has 10+ years remaining on the current lease term with 8 (5-year) options to extend
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of Tilghman Street and W 17th Street, with access to a combined daily traffic count of 22,749 vehicles. The property is location just a few blocks from the Lehigh Valley Hospital, and it is positioned 4 miles from Lehigh Valley Hospital Tilghman & St Luke’s West End Medical Center. Lehigh Valley Hospital serves as...

...

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 : 38,183 149,324 239,106
2023 Total Population : 38,232 147,525 236,793
2023 Employed Civilian Pop : 17,246 70,543 117,797
2023 Total Businesses : 1,164 4,885 8,242
2023 Average Household Income : $ 64,953 $ 78,279 $ 87,582
2023 Total Consumer Spending : $ 776 M $ 3692 M $ 6862 M
2023 Median Age : 35 37 40
2023 Total Households : 13,672 54,291 90,655
2023 Pop Age 25+: Bachelor's Degree : 3,558 15,424 29,854
2023 Average Home Value : $ 222,616 $ 261,155 $ 281,724
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N 17th St Page St 2017 8,637 0.04 mi
Tilghman Street N West St 2020 9,203 0.06 mi
Tilghman Street N Jute St 2021 10,418 0.06 mi
N 17th St W Liberty St 2017 8,637 0.11 mi
W Allen St N 16th St 2017 952 0.17 mi
W Liberty St N St George St 2017 3,192 0.19 mi
N 19th St Page St 2019 5,390 0.20 mi
N 19th St Andrew St 2017 5,361 0.22 mi
N Bayard St W Tilghman St 2017 16,734 0.24 mi
W Allen St N Lafayette St 2017 952 0.24 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