- Walgreens is paying $12.22/SF which is significantly lower than the national average.
- Walgreens signed a 10-year lease extension in 2019 demonstrating their long-term commitment to the site.
- Located 2 miles East, Prospect Village is a new $375 million mixed-use project featuring retail, multi-family, hospitality, and sports complexes which will support the growth of the area.
- Freeman Hospital West (339 Beds), Freeman Hospital East (72 Beds), Landmark Hospital (28 Beds) and Mercy Hospital Joplin (191 Beds) are all located in a 3 Mile Radius of the Property.
- Located on the intersection of South Main Street and East 20th Street with over 27,000 VPD.
Walgreens for Sale properties
- Walgreens reports above average sales of ±$3.76 million at this location.
- There are over 264,000 residents within 5 miles, supporting an average household income of $94,000.
- Lutheran High School is undergoing a $18 million renovation which includes adding a 622-seat performing arts theater.
- Walgreens hours of operation for this location are from 8 A.M. until 12 A.M.
- Walgreens is on an absolute net lease with no landlord responsibilities whatsoever.
- This Walgreens benefits from limited competition with no other Walgreens for over 11 miles, and no competing CVS for over 2 Miles.
- Property is located within the Philadelphia-Camden-Wilmington Metropolitan Statistical Area, the 8th largest MSA in the United States with a population of over 6.2 million people.
- The average household income within a 1-mile radius is $107,926, within a 3-mile radius it is $104,930 and within a 5-mile radius it is $112,191
- In December of 2024, Walgreens announced that they would be closing their location in Belton making this the only Walgreens in a 5-mile radius.
- There are over 2,680 multifamily units within 2 miles of the Subject Property, supporting an average household income of $104,000+.
- Raymore is located 23 miles from Downtown Kansas City and is one of the fastest-growing cities in Missouri.
- There is 3 million square feet of retail space and over 2.6 million square feet of industrial space within 3 miles of the Subject Property.
- Subject Property is 1.5 miles from Belton Regional Medical Center, an 85-bed acute-care facility offering a full range of inpatient and outpatient services.
- This Walgreens is located on the opposite corner north of a CVS drugstore, making this a strategic location for both Walgreens and CVS.
- Within a 5-mile radius, the household income is $117,632 with a population of 128,470 residents.
- More than 1 million square feet of medical space in a 5-mile radius including WakeMed Hospital (61 beds) located 3.6 miles southwest and UNC Rex Healthcare Surgery Center (outpatient) just 1.3 miles northeast.
- Over 2,000 apartment units within a 1-mile radius including two blocks from an independent senior living complex with 121 units.
- Walgreens signed a new 15-year lease with 5% increases every 5 years.
- Zephyrhills is the largest city in Pasco County and has seen a 29% population increase since 2010.
- Over 950 new homes under construction within 2 miles of the Subject property.
- Florida's absence of state income tax makes it an attractive location for investment
- There are 7 assisted living facilities within 3 miles of the Subject Property to accommodate the 70% of the Zephyrhills population that are 50 years old and older.
- Located less than half a mile from the Kalamazoo Event Center, a $300 million project expected to break ground in November of 2024.
- Close proximity to WMU which consists of 22,500 students and employs 803 faculty as well as Kalamazoo College with 1,378 students.
- In 2014, Walgreens relocated to this site, building a new prototype store in a high-barrier-to-entry market to enhance visibility, with approximately 42,000 vehicles passing by daily.
- The Kalamazoo area serves as headquarters for Fortune 500 companies Stryker & Zoetis, with over ±1.2 million square feet in office/warehouse space. Additionally, Pfizer maintains a substantial presence in the region with their 1,300-acre manufacturing facility.
- Located less than two miles from the subject property, Bronson Methodist Hospital consists of 434 beds and operates on a 28-acre campus.
- Central Business District, which is located in Downtown Kalamazoo, is home to over 1,000 businesses in the surrounding area.
- Both the store and pharmacy are open 24 hours a day, with strong sales figures of ±$3.25 million being reported.
- Ranked in the top 10% of all Walgreens nationwide in customer visits, according to Placer.Ai.
- CVS is located directly adjacent to the subject property with the next nearest Walgreens over 11 miles to the east.
- Located two miles east of Jefferson Memorial Hospital.
- Oshkosh Corporation, a Fortune 500 company, has a 500,000 square foot facility in Jefferson City and employs approximately 300 employees.
- Walgreens benefits from being located in a 964,000 SF retail corridor with nearby national tenants such as Tractor Supply Co., CVS, Walmart Supercenter, Lowes, Dollar General, O'Reilly, Advance Auto Parts, and Food City.
- Cherokee Reservoir is located 2.5 miles to the north and attracts 1 to 2 million visitors annually.
- Only free-standing national chain drugstore in Sturgis and only Walgreens for over 15 miles.
- This is the closest national pharmacy to Sturgis Hospital, an 84-bed health center located 1.6 miles from the property.
- Over 16 million square feet of industrial space within a 3-mile radius and 2.3 million square feet of retail space within a 2-mile radius.
- Located with frontage on Centerville Road, with over 16,000 VPD, serving as Sturgis's main North/South thoroughfare.
- Walgreens has been operating at this location for over 19 years.
- Walgreens acquired this store from Rite Aid and rebranded it as a preferred location in 2019.
- Located on the east side of the Hudson River at the entrance to The Troy Waterford Bridge (11,000 VPD). The bridge connects to Highway 32 and leads south to meet with Interstate 787 (±79,000 vehicles per day).
- There are over 4 years remaining on the lease term with 4 (5-year) options and ±5% increases at the beginning of each five-year option.
- Samaritan Hospital, a 277-bed hospital with over 1,400 physicians and medical staff that serves the areas of Troy, Albany and Schenectady is located 4.5 miles south of the property.
- Located twelve miles north of Albany and part of the Albany MSA with a population of over 1,239,000 people which has the largest year over year increase in population among New York’s 13 metro areas.
- Close proximity to Rensselaer Polytechnic Institute (RPI), a school district that employs about 600-700 individuals and serves approximately 4,000 students across its elementary, middle, and high schools.
