Listed by CBRE - Orlando
$3,522,000
Walgreens | Long-Term Absolute NNN Lease | 20-Year History
Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 14,820
Net Rentable (SqFt) 14,820
Units 1
Cap Rate 7.95%
NOI $280,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 32.1
Lease Expiration 03/31/2036
Remaining Term 9.8
Lease Options Nine, Five-Year Renewal Options
Price per SqFt $238
Broker Co-Op Yes
Year Built 2005
Buildings 1
Stories 1
Acreage 1.350
Zoning Commercial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 03/18/2004
Ground Lease No
Ownership Fee Simple
Sale Condition 1031 exchange
Retail | 7.95% CAP | 14,820 SqFt
Marketing description
CBRE is pleased to offer a single-tenant Walgreens located on a highvisibility corner in Highland’s main commercial corridor. The site benefits from excellent access and serves both loyal local customers and steady regional traffic.
Walgreens has operated successfully at this location since 2004, demonstrating long-term performance and commitment. The absolute triple-net lease provides passive ownership with no landlord responsibilities, offering investors stable cash flow backed by a nationally recognized tenant.
Investment highlights
- Walgreens has operated at this location for over 20 years, demonstrating strong performance and long-standing community presence.
- Situated in a dense retail corridor, the property benefits from high visibility, strong foot traffic, and proximity to national and regional retailers.
- Highland, IL is a suburb of St. Louis, Missouri, experiencing suburban expansion due to its close proximity to the city and high quality of life.
- The city boasts a strong average household income in excess of $108k.
Listing Contacts
Listed by CBRE - Orlando
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$280,000.00
$23,333.33/mo
Valuation Metrics
0
DSCR
7.95%
Cap Rate
7.95%
ROI
Map
Zoning
C-2 CommercialCore CommercialCentral Business District No Lot Width Requirement
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View all 112 uses Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics
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