Walgreens - Abs. NNN - St. Louis, MO
Short Term Walgreens | Abs. NNN | Hard Corner in St. Louis MSA
Marketing description
Investment Grade Tenant: Walgreens Boots Alliance is ranked #28 on the Fortune 500 and has a S&P credit rating of BBB-
Investment highlights
Hard Corner Location: Positioned at the signalized intersection of Telegraph Rd. and Crestline Dr. providing exposure to combined traffic counts in excess of 52,000 VPD.
Grocery Anchored Trade Area: The sub market is anchored by Schnucks and Dierbergs, the two largest local grocers in the area, and includes other national retailers such as Panera, First Watch, McDonald’s, Firestone, and others.
Abs. NNN Lease: Approximately 4 years remain on the abs. NNN lease providing no landlord maintenance responsibilities.
Affluent St. Louis MSA Location: Over 58,000 residents with an average household income of $96,000 within 3 miles of the site.
Long Term Tenancy: Walgreens has operated at this site since 2004 showing a strong commitment to the market.
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