2197 Dimond Blvd, Anchorage, AK 99515

The Walgreens at 2197 W Dimond Blvd is strategically located along West Dimond Boulevard, one of Anchorage’s primary east–west retail arterials serving dense residential neighborhoods and established commercial nodes throughout South Anchorage. The corridor benefits from strong daily traffic volumes, excellent visibility, and convenient access, positioning the property as a highly functional neighborhood retail location. The property is leased to Walgreens, on an Absolute Net Lease with ZERO landlord responsibilities, over eight years remaining until the next option and the preferred five year option structure.

The on-site pharmacy accessed via an in place drive-thru attracts consistent repeat visitation and reinforces the asset’s role as a critical community service location. Surrounded by grocery, big-box, and service-oriented retailers, the store also benefits from a stable, necessity-based trade area. Anchorage’s limited new retail development and geographic barriers further support the long-term durability and defensive nature of this well-located pharmacy investment. It is difficult to overstate the combination of high barriers to entry in terms of retail development and exceedingly high costs of construction in the Anchorage market, this is an excellent opportunity to acquire a dynamic corner, with a top tenant in Walgreens...and the bonus of ultra strong real estate fundamentals in the land and building.

Ideal 1031 exchange property for the investor looking for a passive, no management asset - with a long term, absolute net lease.