Walgreens
Retail | 9.00% CAP | 14,820 SqFt
Marketing description
Well below market rent corporate Walgreens with 20+ year operating history at this location. The subject property is located across from Capital Mall – a 92% occupied regional shopping center with major national anchors including JCPenney, Dillard’s, Ross, and Ollie’s and subject to 3.5 million annual visitors.
Investment highlights
~4 years remaining on absolute net corporate Walgreens lease
20+ year operating history demonstrating strong long-term performance at this location
Excellent intrinsics – extremely low rent ($16.60/SF) & price per foot ($184)
Subject property located across from Capital Mall – a 350,000+ regional shopping center
Ideally positioned off Highway 50 with multiple points of ingress/egress and large traffic counts – 31,000+ VPD
Affluent residential trade area – $99,000 average household incomes within a 1-mile radius of the subject property
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
