| Walgreens is currently paying $16.02/psf, which is in line with current market retail rents of $16-18/psf. |
| 3rd most-visited national drugstore chain within a 10-mile radius (316K annual visits per Placer.aI). |
| In 2025, Walgreens waived its 2028 and 2033 termination options, extending the lease expiration to August 31, 2038. |
| 1,900+ new homes planned or underway within 3 miles, ~4.5% annual population growth since 2020, proximity to The Villages. |
| 2.5 SE of the property, a proposal for a major big-box retailer, a gas station, and roughly 22.5k sf of additional retail space, will create 400 jobs. |
Jason Pongsrikul
Pharma Property Group- Drugstore Specialists
