Listed by Encore Real Estate Investment Services
$4,450,000
Walgreens
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,490
Cap Rate 8.43%
NOI $375,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 11/30/2028
Remaining Term 2.4
Lease Options 10, 5 Year Options
Price per SqFt $307
Year Built 2003
Acreage 1.950
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/22/2003
Motivated Seller | 4 Years Remaining on Original 25 Year Term | Hard Corner Location
Investment highlights
Absolute Net Lease | Zero Landlord Responsibilities
4 Years Remaining on Original 25 Year Term
Multiple Access Points | Accessible from N. High St N. 2nd Ave & W. Harrison Ave
Hard Corner Signalized Intersection
Corporate Guarantee | Walgreens | 9,000+/- Locations
Combined Traffic Counts in Excess of 24,506 VPD+
Less Than 10 Minutes from Inspira Medical Center |262-Bed Facility
Major Local Employer is ARC International | Over 1,000 Employees
Population within a 5 Mile Radius Exceeds 54,142
5 Mile Average Household Income is $83,909
National Tenants Surrounding the Immediate Area Include: Target, Walmart, Lowe's, Hobby Lobby, McDonald's, 7-Eleven, WaWa and Many Others
Listing Contacts
Listed by Encore Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$375,000.00
$31,250.00/mo
Valuation Metrics
0
DSCR
8.43%
Cap Rate
8.43%
ROI
Map
Zoning
HC CommercialSpecial CommercialHighway Commercial
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View all 18 uses Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics
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