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Views: 113 DOM: 101 Updated: 10.31.24 Posted: 08.06.24 Status: Active

Summary

Price $9,150,000
Built/Renov 2011
Tenant Walgreens
Cap Rate 6.32%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,550
Lease Start 11-01-2011
#Units 13,532
Price/SF $628.87
Expiration 11-01-2036
Tenant Type Pharmacy
NOI $578,609
R. Term 11.11
Ownership Fee Simple
Rent/SF $39.77
Increases 0.0%/0/yrs
Pop 5Mi 80,673
Lot/AC 1.75
Options 10/5yrs
AHHI 5Mi $101,034

Lease Highlights

  • Walgreens has 12 years remaining on the current lease term with 10 (5-year) options to extend
  • The lease features fluctuating rental increases throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard-corner intersection of Windsor Highway and State Highway 32, with access to a combined daily traffic count of 18,125 vehicles. The property is situated between three major supermarkets and approximately 600 feet from ShopRite, Hannaford, and Price Chopper. The immediate area features other well-known national tenants such as Wendy's,...

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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...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 5,706 33,270 78,679
2024 Total Population : 5,789 33,498 79,058
2024 Employed Civilian Pop : 3,026 17,354 38,854
2024 Total Businesses : 320 1,287 3,128
2024 Average Household Income : $ 106,753 $ 127,183 $ 111,527
2024 Total Consumer Spending : $ 220 M $ 1455 M $ 2857 M
2024 Median Age : 41 42 39
2024 Total Households : 2,370 13,233 29,293
2024 Pop Age 25+: Bachelor's Degree : 773 4,801 10,271
2024 Average Home Value : $ 415,481 $ 447,341 $ 431,121
*ESRI data is presented for informational purposes only

Listing Broker

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