- Lease allows for 5% rental increases every five years through 2049 with the next rental increase in May 2025.
- Beaumont Hospital is located just one block south of subject property with 148 beds and 1,094 employees.
- 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.
- Infill Detroit Metro demographics with Over 244,000 residents within 97,686 households in a 5-mile radius with an average household income of $71,255.
- Located just south of I-94 (155,000 VPD) on the corner of Telegraph Road and Wick Road with a combined traffic count of 66,422 vehicles per day.
- Approximately 4 miles east of Detroit Metropolitan Airport with 36.7 million annual passengers and over 1,100 flights daily.
- Just 8 miles southwest of Ford's 16M square foot world headquarter campus.
Available properties
- Within a 3-mile radius, the average household income is $107,055 and the population is 203,469 residents in a 5-mile radius.
- Just 8 miles southwest of Downtown Pittsburgh, a metropolitan area with a population of over 2.5 million residents.
- Property sits adjacent to Raceway Plaza South anchored by Walmart and Lowe's and within 4.9 million square feet of retail space in a 3-mile radius.
- Located 2 miles southeast is St. Clair Hospital with 329 beds and 3,100 medical staff and employees and part of Mayo Clinic Care network.
- Concordia of the South Hills is an assisted living facility with 126 independent living units, 104 assisted living beds and 12 memory care beds located about 2 miles southwest of the property.
- Within a 3-mile radius, the average household income is $125,775 and the population is 112,336 residents in a 5-mile radius.
- Just 11 miles northwest of Downtown Pittsburgh, a metropolitan area with a population of over 2.5 million residents.
- Subject property sits adjacent to Pine Creek Shopping center anchored by Target and 4.3 million square feet of retail space in a 3-mile radius.
- UPMC Passavant-McCandles Hospital with ±400 beds and ±400 physicians is 2 miles southeast.
- Directly across from a 182-bed senior rehabilitation facility and within 3 miles of 13 other senior housing/nursing facilities.
- This location is reporting ±$16 million is sales and has experienced year-over-year increased sales volumes which are now 30% higher versus 2020.
- CVS has been operating here for nearly 25 years and recently extended their lease early to 15 years with 5%rental increases in the options.
- In 2023, the Property had major capital improvements including a new roof, parking lot restripe/sealing and exterior building updates.
- This is the only standalone national brand drugstore within a 5-mile radius.
- Household income in a 3-mile radius of the subject property is $108,513.
- Property to be delivered free and clear of debt. There are no rent holidays.
- Walgreens is guaranteeing approximately $327,375 of income over the remainder of their lease term.
- Walgreens had been reporting strong sales volumes at this location of over $7M annually. The retailer moved to a smaller store format as an outparcel to the adjacent center showing commitment to this retail corridor.
- DRB Homes has recently constructed 350 new homes to meet growing demand.
- Directly on US Highway 1 which is the main thoroughfare connecting Franklinton to Raleigh.
- Franklin County's population grew by 13% in the last 10 years.
- Only 7,000+ square foot owner/user redevelopment opportunity within 35 mile radius.
- Walgreens extended this lease by 10 years in March of 2024 showing commitment to this location.
- This is an absolute net lease with no landlord responsibilities whatsoever.
- Walgreens is reporting exceptional sales volumes at this location.
- The lease allows for 5% rental increases at each of the options.
- 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 extended this lease by 10 years in March of 2024 showing commitment to this location.
- This is an absolute net lease with no landlord responsibilities whatsoever.
- The lease allows for 5% rental increases at each of the options.
- Walgreens is reporting exceptional sales volumes at this location with a rent-to-sales ratio of 2.14%.
- Only freestanding national brand drugstore within a 10-mile radius. Nearest Walgreens is 10.5 miles southwest and nearest CVS is 12.5 miles southwest.
- Over 12 million square feet of industrial space in a 5-mile radius including major companies like Hyundai and FedEx.
- Opposite corner to CVS and next Walgreens 4.4 miles away making this a strategic location for both Walgreens and CVS.
- There are 844 multifamily units within the immediate 1-mile radius.
- Centrally located between three major interstates that connect Shreveport west to Dallas/Ft. Worth, TX, south to Baton Rouge/New Orleans, LA and west to Jackson, MS.
- Within two blocks of the property are located a high school, junior high and elementary school with a combined 2,481 students.
- Just 3 miles west of Shreveport Regional Airport with 560,000 annual passengers.
- The Property is located in a designated Opportunity Zone.
- Recently constructed in 2014, Walgreens still has ±15 years of firm lease term remaining before the option periods.
- Only national brand drugstore in a 15-mile radius.
- Located less than 2 miles away, Scotland Memorial Hospital consists of 104 beds and serves as the area's largest private employer, with over 1,000 full-time and part-time employees.
- 1.7 million square feet of retail space in a 1-mile radius anchored by Walmart Supercenter, Lowe’s Home Improvement, Tractor Supply Co, Harbor Freight Tools and Big Lots.
- SO-PAK-CO, Inc., a food processor and packager, invested $85 million to build a state-of-the-art processing and packaging facility creating 440 new jobs coupled with Tesla installing a new Supercharger Station.
- Located on US Highway 401 S (15,500 VPD) and directly off the ingress/egress of US Highway 74 (22,000 VPD).
- Walgreens has exceptional annual reported sales and a 14+ years of operating history.
- No immediate national drugstore chain competition with the next closest national chain drugstore being a CVS 91 miles west and the closest Walgreens is 98 miles east.
- District 177, a $75 Million redevelopment project located across the street including 96 apartments and ±480K SF of street-level retail space.
- Great Plains Health Hospital is located 1 mile southwest with 116 beds, 1,100 employees and 183K patients per month.
- Sustainable Beef's $325 Million facility is located 2.5 miles southeast and is opening Summer 2025 with 500K SF and projected to add 875 new jobs.
- Dense retail corridor with 1.6 million square feet of retail space in a 1-mile radius.
- Near Union Pacific's Bailey Yard, the largest railroad yard in the world with 14K rail cars per day.
