- The nearest alternative Walgreens location is situated more than 26 miles away, while this particular Walgreens property demonstrates a significant annual foot traffic advantage, exceeding the CVS property directly across the street by over 100,000 visits, according to data from Placer.ai.
- This Walgreens is positioned on Homer Road, the main retail corridor in Minden and the surrounding communities with numerous national and regional retailers.
- 1.1 Mi E of Minden Medical Center, a 161 bed acute care facility, being the only hospital serving a population of more than 70,000 people.
- Walgreens has been operating at this location for approximately 12 years.
Available properties
- Located less than 1 mile to the North, Sentara Virginia Beach General Hospital is the most extensive hospital system in the market, serving Virginia Beach, Eastern Shore, and Northeastern North Carolina with over 270 beds. Sentra recently invested $294 million into the facility and surrounding communities.
- Located less than 0.5 miles from the subject property, Naval Air Station Oceana is the Navyâs East Coast Master Jet Base. With 17 aviation squadrons, 10,500 active Navy personnel, 10,000 family members, and 4,500 civilian personnel, NAS Oceana is the second largest employer in Virginia Beach.
- Recently completed in December of 2024, 'Ascend at Hilltop Apartments' is a $46 million, ±329K SF development that consists of 115 units and is located 0.5 mile from the subject property.
- The subject property has over 2.3 million square feet of retail space within 1 mile, anchored by national tenants such as Kroger, Trader Joe's, Target, Walmart Supercenter, and Whole Foods.
- The property has direct access to Interstate 264, the main east-to-west connector between Norfolk and Virginia Beach, with over 96,000 vehicles per day.
- Located 1 mile to the East, Virginia Beach is the most populous city in the U.S. Commonwealth of Virginia and the sixth-most populous city in the Mid-Atlantic.
- 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.
- 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 grantâthe largest in the South Bend-Elkhart regionâto 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.
- CVS guarantees the rental income which has 5% increases in the options and does not include a rent holiday.
- In 2020, after operating at the location for 14 years, CVS agreed to extend the lease to a rare 20 year firm term before the options showing the strong performance and commitment to the location.
- New developments include over 110,000 square feet of medical space as well as 'Orland Ridge', a brand new 300+ home community located directly across the street.
- Frontage on La Grange Road (38,700 VPD) and 171st Street (14,300 VPD) and with direct access to Interstate 80 (102,900 VPD).
- ±172,000 residents in a 5-Mile radius with an Average Household Income of ±$130,000 within 1-Mile.
- Rite Aid is currently paying $9.45 /sf in rental rate, which aligns with the local retail rent of $9.50/sf.
- The subject property supports a rent-to-sales ratio of 1.35%.
- Rite Aid restructured its lease, effective November 1, 2023, to remain open and operational throughout the Chapter 11 proceedings.
- Rite Aid has two 5-year options to extend their lease, each with 10% rental increases.
- Rite Aid has operated successfully at this location since 1988, marking over 36 years of continuous operation.
- Signalized corner in the heart of Clio at the cross-section of West Vienna Street (16,199 VPD) and South Mills Street (4,595 VPD).
- 1.5 miles from MI-75 interchange, connecting Canada to the North and Detroit to the South, with approximately 56,000 vehicles per day.
- Downtown Clio location with over 500,000 square feet of retail space within 1 mile of the Subject Property. Other national tenants in the surrounding area include Tim Hortonâs, Chase Bank, Walmart Super Center, McDonaldâs, Arbyâs, Taco Bell, Applebeeâs, and Menards.
- Â Located just 10 miles north of Flint, Michigan, along Interstate 75. Flint is the largest city in Genesee County, with a population of more than 79,000 residents.
- Â Existing double-lane drive-thru and 76 striped parking spots.
- Rite Aid is currently paying $15.60/sf in rent, which aligns with local retail market rates.
- Rite Aid's rent will increase by 37% in the 1st option period.
- Rite Aid recently restructured its lease, extending its commitment to the property.
- 2 Amazon Fulfillment Centers & Canpack have opened up new facilities in the last 4 years bringing over 900 jobs to the Olyphant economy.
- Rite Aid has operated successfully at this location since 1999, marking over 26 years of continuous operation.
- Positioned at an intersection with over 26,000 vehicles per day, ensuring consistent traffic and exposure.
