Walgreens
8-Year Walgreens -- New Lease Extension - Swansea IL (St. Louis MSA)
Investment highlights
• Walgreens has been at this location for over 22 years and recently executed a lease extension, proving their commitment to the site
• ±8 years remaining on the base term of a NN+ lease, with Eight 5-year extension options.
• 5-Mile population of 125,700 residents
• Affluent demographics with an average household income of $93,400 (5 mile radius)
• Located roughly 30 minutes from Downtown St. Louis
• Located across the street from Swansea Plaza which boasts national tenants like Schnucks Market, Dollar Tree, McDonalds, Etc.
• Walgreens is the nation’s second largest pharmacy store chain with over 8,700 locations serving roughly 9 million customers per day. Roughly 78% of Americans live within a 5-mile radius of a Walgreens location.
• Corporately guaranteed lease from Walgreens
• Considered an essential retailer, Walgreens has maintained consistent operations and rent payments, including throughout the COVID-19 pandemic.
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