Drugstore For Sale • 15,120 SF
| This investment features a national tenant backed by Walgreens Boots Alliance (NASDAQ: WBA), a Fortune 500 company operating over 8,500 locations. |
| The property is prominently positioned on a signalized hard corner with strong frontage at W Ryan Rd (˜ 555.6 ft) and South 27th St (˜ 704.6 ft). |
| Walgreens has closed a number of stores as part of a strategic rightsizing initiative. As a result, the average visits per location have increased. |
| Walgreens has maintained long-term occupancy at this location since 2000, underscoring tenant stability and familiarity in the market. |
| The 15,120 SF building sits on a 2.1-acre site, offering long-term flexibility for potential redevelopment or repositioning. |
| Potential cash-oncash returns exceeding 10%, driven by in-place income and an available financing structure that may allow enhanced leverage. |
| Cap Rate: | 8.00 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Walgreens | 15,120 SF | 11/30/2030 |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 13 min | - | 6.8 mi | |
| Airport | Drive | Walk | Distance |
| General Mitchell International | 13 min | - | 7.7 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 83 |
| Type: | Surface |
| Included in Rent: | Yes |