- In the past 5 years, 691 multi-family units, including the 331-unit 'Fitzroy Promenade', have been built in the immediate 2- mile radius. In addition, the 34-acre 'Crossroads at Chenal' mixed-use development is set to be completed this year.
- There is 2.7 million square feet of retail space in a 2-mile radius. Located 1 mile north of the subject property is the Promenade at Chenal, a 306,000 sf open-air lifestyle center which is home to popular retailers such as Apple, Lululemon, DSW, and Homegoods.
- Frontage on Chenal Parkway (39,000 VPD) and Wellington Hills Road (5,905 VPD).
- Subject property is located in a dense affluent area with average household income of over $121,000 and a population of more than 45,000 residents in a 3-mile radius.
- Within a 4-mile radius there are three major hospitals with a combined bed count of over 1,066 beds.
Walgreens for Sale properties
- New 15-year lease signed, including 5% rent increases during 8 (5-year) option periods.
- Placer.Ai ranks this location #1 out of 5 Walgreens stores within a 10-mile radius.
- Located in a dense retail corridor with 4.7 million square feet of retail space within two miles.
- Benefits from a regional military presence of ±82,000 active-duty personnel from 15 installations, including ±23,000 employees at Joint Base Langley-Eustis.
- This Walgreens serves as the only national chain drugstore in Guthrie with no other CVS/Walgreens for over 13 miles.
- Buyer may assume the current interest only loan with a 4.84% rate and a balance of $2,742,750. Cash required for down payment is $621,909 and the annual cash flow after debt service is $153,807. Loan is non-recourse and there is a one percent (1%) assumption fee paid by buyer. Loan due date is 1/25/2028.
- Walgreens is located on the main retail corridor of Guthrie directly across from a Walmart Supercenter and surrounded by a number of complimentary national retail tenants. The next nearest retail corridor is over 19 miles to the south.
- Guthrie is projected for continued growth in the coming years as development pushes north from Oklahoma City along with I-35 corridor.
- Only pharmacy open on Weekends in Elkhart and only store open until 10 PM.
- According to Placer.Ai, this store ranks first in foot traffic among the three other Walgreens locations in a 5-mile radius.
- The property benefits from its position in a robust retail corridor, surrounded by 1.3 million square feet of retail space within a 1-mile radius.
- The subject property is 2.5-miles from Elkhart General Hospital, a 374-bed facility employing 2,000 people.
- Elkhart recently received a $9.5 million READI 2.0 grant—the largest in the South Bend-Elkhart region—to fund 284 residences, 60,000 square feet of office and retail space, and over $1 million in public art in its Downtown River District area.
- Buyer may assume the current in place financing with a 3.89% rate and a balance of $3,477,344 as of March 2025. Cash required for down payment is $600,444 and the annual cash flow after debt service is $8,454. There is a one percent (1%) assumption fee paid by buyer. Loan due date is 12/18/2030.
- This is the only Walgreens or CVS for over 13 Miles.
- Purcell Municipal Hospital, a brand new $18 million state-of-the-art facility opened in 2022.
- The 5-mile population has grown over 10% over the past four years and is projected to continue expanding at over 3% through 2029.
- Walgreens recently signed a new 15-year lease extension, demonstrating their long-term commitment to the site.
- Strong reported sales of ±$3 million
- The nearest Walgreens property is over 40 miles away, while the next nearest CVS store is more than 74 miles.
- The lease includes 5% rental increases every 5 years in the initial term and options.
- The subject property is 1-mile from Great Plains Regional Medical Center, a 24-hour trauma center serving the greater Western Oklahoma and the Eastern Texas Panhandle.
- Absolute net lease with no landlord responsibilities whatsoever.
- According to Placer.Ai, this Walgreens is the most visited location out of 10 stores in a 30-mile radius.
- This Walgreens is positioned in the main retail corridor in the city with over 2.2 million sf of retail space within a 2-mile radius.
- This Walgreens lease allows for approximately 4% rental increases every 10 years.
- Approximately 2 years ago, Walgreens closed their only other location in the city directing customers to this location for their prescriptions.
- This offering allows an investor the opportunity to assume the existing fully amortizing below market financing at a rate of 5.07%. (See Page 4 of Marketing Package)
- This Walgreens is the only freestanding drugstore serving the city’s market and only Walgreens open until 10pm for over 15 miles.
- This property benefits from its location on a signalized corner with approximately 38,000 VPD and is located just off Interstate 79.
- 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.
