loader
Join Free
Views: 121 DOM: 242 Updated: 08.06.24 Posted: 04.05.24 Status: Active

Summary

Price $5,379,310
Built/Renov 2006
Tenant Walgreens
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 15,795
Lease Start 11-25-2006
#Units 13,532
Price/SF $340.57
Expiration 11-30-2031
Tenant Type Pharmacy
NOI $390,000
R. Term 6.12
Ownership Fee Simple
Rent/SF $24.69
Increases 0.0%/0/yrs
Pop 5Mi 115,752
Lot/AC 1.50
Options 10/5yrs
AHHI 5Mi $134,756

Lease Highlights

  • Walgreens has been operating in this location since 2006
  • The tenant has 7+ years remaining on the current lease term with 10 (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 Wildwood Road and E County Line Road, with access to a combined daily traffic count of 23,400 vehicles. The property boasts excellent visibility and frontage on Wildwood Road and is in an affluent part of White Bear Lake with dense residential neighborhoods providing a strong consumer base. Moreover, it is...

...

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 : 8,801 52,283 123,523
2023 Total Population : 8,585 51,953 121,799
2023 Employed Civilian Pop : 4,526 27,476 65,568
2023 Total Businesses : 175 1,882 3,603
2023 Average Household Income : $ 129,033 $ 121,485 $ 120,979
2023 Total Consumer Spending : $ 362 M $ 2190 M $ 4917 M
2023 Median Age : 47 43 43
2023 Total Households : 3,312 21,097 47,569
2023 Pop Age 25+: Bachelor's Degree : 1,991 10,158 23,418
2023 Average Home Value : $ 416,658 $ 418,220 $ 402,158
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Wildwood Rd Wedgewood Dr 2018 12,600 0.15 mi
East County Line Road Wildwood Rd 2022 11,793 0.16 mi
E County Line Rd Mayfair Ct 2016 7,000 0.26 mi
County Road E East Rolling View Dr 2022 7,985 0.31 mi
Woodland Dr Echo Shores Ct 2017 1,600 0.32 mi
County Road E East Rolling View Dr 2018 10,900 0.36 mi
Cedar Ave Grand Ave 2017 1,450 0.61 mi
Bellaire Avenue Jansen Ave 2021 2,951 0.61 mi
Bellaire Ave Mayfair Ave 2019 3,200 0.64 mi
Bellaire Ave Dorothy Ave 2016 3,050 0.66 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