Walgreens, CVS and Rite Aid for Sale
- In a 1, 3 and 5-mile radius average household incomes range from $120,000 to $130,000 per household.
- Situated at the crossroads of US-46 and NJ-10, the property benefits from its close proximity to the Christopher Columbus Highway interchange (I-80), with over 114,000 vehicles per day.
- The lease is an absolute NNN lease with zero landlord obligations whatsoever.
- Located less than 4 miles from the property, Saint Clareās Dover Hospital General is a 24/7 trauma center providing inpatient care and hospitalization services.
- There is more than 2 million square feet of retail space within 1 mile of the property, anchored by Walmart, Home Depot, Petco, Burlington, and Kohl's.
- Average household income of over $134,000 within a 3-mile radius.
- $160M luxury apartment project is being constructed 1 block away, (455K sf residential complex with 262 units).
- Located 1 mile north of the property, St. Joseph's University - Long Island (3,000 students on 32-acre campus).
- Located 2.5 miles from the property, NYU Langone Hospital - Suffolk is a 306-bed medical center, home to the Knapp Cardiac Care Centerāan advanced heart disease diagnostic and treatment facility.
- Long Island, comprised of Suffolk and Nassau counties, has a population of 8.06 million, comprising over one-third of New York State's entire population.
- Located 4 miles from the property, Long Island MacArthur Airport provides flights to over 1.2 million passengers annually.
- According to Placer.AI, this Walgreens ranks in the top 25% nationwide in foot traffic and is the best among five competing national chain drugstores in a five-mile radius.
- Walgreens recently renewed their 5-Year option without any concession showing their commitment to this location.
- This is the only Walgreens serving the Bessemer market and is the furthest southwest location along the I-20 corridor on the route from Birmingham to Tuscaloosa.
- This Walgreens store is conveniently located near major employers and facilities, including US PIPE (500 employees), BLOX (1 million sf facility with 600 employees), Dollar General Distribution Center ($100 million campus spanning 106 acres), and Piggly Wiggly Manufacturing Headquarters (450K sf facility).
- The property is the closest Walgreens to UAB Medical West, a 9-story, 412K sf, 200-bed hospital with a 7-story, 127K sf medical office building.
- 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).
- Ā±172,000 residents in a 5-Mile radius with an Average Household Income of Ā±$130,000 within 1-Mile.
- CVS guarantees the rental income which has 5% increases in the options and does not include a rent holiday.
- In 2019, CVS agreed to extend the lease to a 20 year firm term showing their commitment to the location.
- This property is located in the heart of Summerville and benefits from limited drugstore competition with no other CVS or Walgreens for over 14 Miles.
- Located just a 5-minute drive to the northeast is Atrium Health Floyd Chattooga, which serves as the primary healthcare facility for Summerville and the surrounding communities.
- 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.
- 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.
- 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 Navyās 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, Ā±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.
- Approximately 12 years remaining on the absolute triple net (NNN) lease, ensuring a stable and passive income stream with no landlord responsibilities whatsoever.
- According to Placer.Ai this location is in the top 25% in customer visits nationwide and the #1 CVS in a 10-mile radius.
- Southern Middle School and Cornwall Terrace Elementary School, located across the street, combine for Ā±1,300 students.
- Over 57,000 residents within a 3-mile radius with an average household income exceeding $113,000, reflecting strong economic fundamentals.
- Sinking Spring Skilled Nursing Center and The Residence at Village Greens, both within 1 mile of the subject property, total over 345 beds.
- The property is located 3.6 miles from Tower Health/Reading Hospital, the region's largest medical provider with over 700 beds and more than 1,000 physicians and healthcare professionals.
- Seller to credit full 3-year rent credit at close of escrow.
- Walgreens recently signed a new 15-year lease extension, demonstrating their long-term commitment to the site.
- Strong reported sales of Ā±$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.
- Walgreens reports above average sales of Ā±$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.
- 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.
- 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 cityās 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.
- 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.
- Located less than half a mile from the Kalamazoo Event Center, a $300 million project which broke 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 Ā±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.
- 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 Ā±82,000 active-duty personnel from 15 installations, including Ā±23,000 employees at Joint Base Langley-Eustis.
- Both the store and pharmacy are open 24 hours a day, with strong sales figures of Ā±$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.
- 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.
- Walgreens has a history of strong reported sales volumes at this location.
- Less than 1 mile of ThedaCare Regional Medical Center which is the region's largest employer (7,000+ employees, 172 beds).
- Dense retail and industrial trade area with 6.2 million square feet of retail space and 8.3 million square feet of industrial space in a 3-mile radius.
- Located directly across the street from Edenbrook Nursing Home (150 beds) and 0.7 miles from Rennes Health and Rehabilitation Center (88 beds).
- Appleton is the 6th largest city in Wisconsin with a population of 143,000 in a 5-mile radius.
- Located at the signalized hard corner with strong combined traffic count of 30,000 VPD and blocks from Interstate 41 with traffic count of 76,200 VPD.
- Infill Houston MSA demographics with Ā±500,000 people in Ā±189,000 residences with an average HH income of $80,0134 in a 5-mile radius.
- Directly across the corner from an emergency room connected to the HCA Houston Hospital System.
- Highly visible and trafficked signalized corner with a combined traffic count of Ā±74,416 vehicles per day.
- There are Ā±37 multi-housing complexes with over 11,500 units and 15 hotels with over 1,200 rooms all within a 1-mile radius.
- The lease operates on an absolute net leased basis and there are no landlord responsibilities whatsoever.
- Located within Westchase Business District which is home to large corporations such as Honeywell, Chevron, Dow Chemical and Phillips 66 with Ā±16M square feet of office space within a 4-mile radius.
- 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.
- New developments within 2 miles include Evolve at Waterford, Exchange at Westgate, Brunswick Forest and Inspire at Brunswick Forest totaling 1,178 units.
- 1 million square feet of retail space in the immediate 1-mile radius anchored by Aldi, Harris Teeter and Walmart Supercenter.
- Located on a signalized corner with frontage on Ocean Highway E (56,000 VPD) and with direct access to Andrew Jackson Highway NE (71,000 VPD).
- Lelandās population increased 70% from 2010 to 2020 and is currently growing at a rate of 8.25% annually.
- Positioned less than 2 miles from Novant Health Brunswick Forest Medical Plaza which services the Greater Leland market.
- With a 2.5% corporate tax rate, North Carolina is continually ranked as one of the best business climates in the United States. CNBC named the state as Americaās top state for business.
- Walgreens has exceptional annual reported salesĀ 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 Ā±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.
- 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.
- 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.
- In a 5-mile radius the population is 249,502 residents with an average household income of $93,968.
- Nearby hospitals include MultiCare Tacoma General Hospital (0.5 mi NE) with 437 beds and St. Joseph Medical Center (1.4 mi SE) with 374 beds.
- Within a 1-mile radius there are Ā± 220 apartment complexes with a total of Ā±6,200 units, with an additional 289 units in the recently constructed Aspire 11, a six-story mixed-use project less than a mile away.
- Located in the immediate area are The University of Puget Sound, Bates Technical College and the University of Washington - Tacoma.
- Built to suit Walgreens building, tenant went dark in March of 2025.
- Walgreens will continue paying rent through September 30 of 2027 ($233,000 Remaining Rent).
- High density market with over 115k residents in 3-mile radius.
- Projected 2.5% annual growth over next 5 years.
- Approximately 26,000 vehicles per day on signalized corner.
- There is over $570,000 in guaranteed income over the next two years.
- The Property consists of Ā±12,977 square feet of rentable space and lies on approximately 1.475 acres of land.
- Zoned CBD Ā - Central Business District.
- Existing double lane drive-thru and 64 striped parking spots.
- Located on Michigan SR 29 (St. Clair River Drive), the main thoroughfare of the city of Algonac.
- One minute walk to the Walpole-Algonac Ferry connecting Algonac across the Saint Clair River into Canada.
- Blue Water Bridge, one of the busiest crossings between the United States and Canada is located 25 miles from subject property.
- 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 Hortonās, Chase Bank, Walmart Super Center, McDonaldās, Arbyās, Taco Bell, Applebeeās, and Menards.
- Ā 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.
- Ā Existing double-lane drive-thru and 76 striped parking spots.
Recently Sold Drugstores
- 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.
- 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
- 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.
- 1 mile South of Marion General Hospital (49 beds), the main hospital for Columbia and across the street from Fast Past Health Urgent Care.
- Located in the only shopping center anchored by national retail tenants for over 20 miles and there is 715,000 square feet of retail space in a 1-mile radius.
- Situated at the intersection of Sumrall Road and US-98 (traffic counts of 38,000 VPD) which serves as the east/west connector between Hattiesburg and McComb.
- Only Walgreens in a 12-mile radius serving the entire Eaton market.
- Kettering Medical Center is the only 24-hour emergency medical center in Preble County, Ohio.
- 1.4 million square feet of retail in the immediate 1-mile radius anchored by Walmart Supercenter.
- Kroger announced plans in August 2023 to build a 72,000-square foot store that will employ 100 workers.
- Less than 1.5 miles from Research Triangle Park (7,000 Ac.) with over 375 companies including Alexandria, Bayer, Cisco and IBM.
- Major developments within 3 miles include a $2 Billion mixed-use project (1 Million SF) with office, life-sciences, multi-family residential, and hotel.
- Over 685,000 SF of retail space in the immediate 1-mile radius with national tenants such as Starbucks, Food Lion, Big Lots, Dollar Tree, McDonald's and Chick-fil-A.
- Strong demographic profile with Ā±108,989 residents with a median household income of $104,964 in a 5-mile radius.
- University of Alaska - Anchorage with Ā±15,900 students and Ā±990 staff is 6.9 miles northeast.
- Providence Alaska Medical Center with 401 beds and Ā±2,000 employees is 7 miles northeast.
- Just 9.7 miles southwest of Downtown Tulsa, a metropolitan area with a population of over 1,000,000 people.
- Busy signalized intersection on Hwy. 97,Ā the main north/south thoroughfare through Sand Springs with a combined traffic count of nearly 28,000 VPD.
- Just two miles west of Tulsa Community College West Campus which enrolls Ā±20,000 across 4 Tulsa campuses.
- Recent third-party reports will be provided to buyer.
- Absolute net lease with zero landlord responsibilities.
- Adjacent to Mosquito Lake State Park with 3,000,000 visitors annually.
- Large trade radius with limited competition, no other Walgreens, CVS or Rite Aid besides the immediate corner for 5 miles.
- Near HCA Florida Trinity Hospital with 240 beds and 1,400 employees (2.5 Mi SE).
- Strategic location on signalized corner directly across the street from Walgreens with traffic counts of roughly 50,000 VPD.
- Near residential and senior housing with three assisted living facilities within two miles and located at the main entry of Ā±700 residences.
- Located at merge of freeways I-69 and I-2. Both interstates have a combined traffic count of over 150,000 vehicles per day.
- Surrounded by national retail tenants, Ā±3.2 million square feet of retail space within 1 mile radius including Valley Vista Mall (651,000 SF) and Bass Pro Shop (150,000 SF).
- Strong cross-border economy with the Free Trade Bridge 13 miles away, a full US Customs facility accommodating 75 commercial trucks simultaneously.
- The building is a free-standing retail box with a drive-through window and is approx. 11,180 sqft, situated on an 81,022 square foot lot.
- The property is strategically located with 85,000+ people in a 5-mile radius with an average household income of $105,000+ within 1 mile of the subject property.
- The region includes large and stable employers such as Michigan State University, Sparrow Hospital and General Motors' Lansing Grand River Plant.
- Vacation and resort destination location including Disney World, Universal Studios & Island of Adventure and SeaWorld.
- Retail corridor near industrial sector including 7.8 million square feet of retail space in a 3-mile radius.
- Within 5 miles of 14.4 million square feet of industrial space.
- Major regional employers Walt Disney World, Advent Health, Universal Orlando and Orlando Health.
- Across from Orange Park Mall, a Ā±953,000 SF anchored by Dillard's, JCPenney, Old Navy and Belk with Ā±3M SF of retail in 1-mile radius.
- Medical corridor location near HCA Florida Orange Park, a 365 bed hospital with 2,350 employees, and 832,000 SF of medical space in a 3-mile radius.
- Intersection with extremely high traffic count of approximately 100,500 vehicles per day combined.
- Both store and pharmacy are open 24 hours.
- Baptist Hospital of Southeast TX and Christus Southeast TX Hospital both within 1.5 miles with a total of 931 beds.
- Across from Gateway Shopping Center which contains Ā±460,000 square feet of retail space.
- Direct access to I-10 (Ā±130,685 VPD) via College Street on signalized intersection with Ā±44,328 vehicles per day.
- Tampa MSA location with 22+ year operating history.
- Medical corridor including Florida Oak Hill Hospital, Encompass Health Hospital and Sturgill Hospice House.
- Retail corridor with major national tenants including Ā±1.4 million SF of retail space in a 0.5-mile radius.
- Dense residential area with nearly 200,000 residents within a 5-mile radius.
- One mile south of Hwy. 385 (Ā±151,399 VPD) and two miles southeast of I-240 (Ā±180,699 VPD) making Downtown Memphis just a 15 minute drive away.
- Busy intersection with approximately 54,087 vehicles per day.
- Located on Hwy-580 one of the main thoroughfares connecting western Tampa to the Tampa International Airport and downtown Tampa.
- Ā Near HCA Florida West Hospital with 515 beds and the Mease Countryside Hospital with 300 beds.
- Just 3.5 miles southeast from Tampa Bay Downs which has approximately 24 million visitors annually.
- Located in main retail corridor with 7.9M square feet of retail space within 3 miles.
- Approximately 316,993 residents within a 5-mile radius.
- Zoned RCC in Clackamas County with various development opportunities such as retail, multi-family and office.
- Absolute NNN lease with no landlord responsibilities whatsoever.
- Just 4 miles north of Ohio State University with over 66,000 students and 29,000 employees.
- Riverside Methodist Hospital is about 3 miles south and has 1,059 beds and 5,800 employees.
- Outparcel to Target anchored Rolling Acres Plaza in main retail corridor across from Home Depot.
- Two miles from UF Health The Villages Hospital with 307 beds and approximately 1,161 employees.
- Located just south of The Villages, a collection of retirement neighborhoods in central Florida.
- Absolute net lease with zero landlord responsibilities and history of solid sales.
- Ā±7.5 million square feet of retail space and Ā±5.2 million square feet of office space in a 3-mile radius.
- High traffic intersection with Ā±92,000 vehicles per day and over 200,000 residents in a 5-mile radius.
- Chesapeake Regional Medical Center hospital is located Ā±2 miles south with 310 beds and Ā±3,000 employees.
- CVS has agreed to new 15-year lease with 10 (5-year) options with 5% increases in the options.
- Near 44-bed Central Harnett Hospital and only national brand drugstore in Lillington.
- Centrally located between Fayetteville and Raleigh along Highway 210.
- Lillington is the county seat of Harnett County who employ almost 54,000 employees.
- Philadelphia MSA location with over 6,100,000 residents and 20 miles SE of downtown Philadelphia.
- East of The Shoppes at Cross keys shopping mall on main thoroughfare of retail corridor.
- Walgreens signed a new lease extension showing commitment to this location.
- Walgreens reports exceptional sales volumes at this store located in the Los Angeles MSA.
- Affluent HH income in a 5-mi radius of Ā±$110k and located at a corner with conbined traffic of Ā±60k VPD.
- Four medical facilities totaling 665 beds are located within a 2.1 mile radius of the subject property.
- 24-Hr store and pharmacy reporting exceptional annual sales with Ā±13 yrs. remaining on an absolute net lease.
- Walgreens closed the Rite Aid across the street shifting much of that customer base to the subject property.
- Adjacent to Atrium Health Hospital (157-beds) full service hospital.
- One of the best performing Rite Aid stores in the Midwest.
- Rite Aid added 10 years to the initial lease term in June of 2015 with six (5 year) options and increases.
- Roof was replaced in 2015 with a 20-year transferable warranty. Building exterior was also renovated.
- Walgreens has 14 years remaining with ten (5-year) options to extend on an absolute net lease.
- Located directly across the street from a CVS making this a strategic corner for Walgreens.
- Atrium Health Hospital is 2.9 mi away with 101 beds and a 24/7 emergency department.
- Walgreens extended lease to a firm 15-yrs in August 2022 showing commitment to this location.
- Walgreens is reporting strong sales at this store that has a 15-year operating history.
- Virginia Beach has a population of Ā±1,500,000 and is the most populous city in VA.
- Near Ā±23.6M SF of retail space and adjacent to 128K SF center anchored by Lion Food who renewed for 10 yrs.
- Absolute net lease with 12 years remaining.
- Affluent area with solid incomes of over $110,000 in 1-mile radius.
- Part of the Virginia Beach-Norfolk-Newport News, VA-NC MSA with over 1,800,000 residents.
- South of Naval Station Norfolk with more than 82,000 active duty personnel and 39,000 civilians.
- Affluent infill location 19 mi. from downtown Chicago, avg. HH income is $112,272 and 260,961 residents in a 5-mi radius.
- Recently extended lease, total of 20 yrs. remaining before the 8 (5-year) options, NNN, 2.5% increases in the options.
- Located 1.4 mi. from Advocate Good Samaritan Hospital with 333 beds and over 3,600 doctors and staff on the signalized SEC of Roosevelt Rd. & S. Westmore Meyers Rd. with a combined traffic count of Ā±66,355 VPD.
- Located blocks from the Medical District of Memphis with four major hospitals totaling approximately 6.5 million square feet of medical space within a three mile radius.
- Located 2.5 miles outside of downtown Memphis and is part of the Memphis MSA with a population of over 1,340,000 residents.
- Across the street from a Kroger shopping center and near I-69 with traffic counts of over 124,706 VPD.
- High traffic count of 63,111 cars per day and located 3 miles from Highway 99 with approximately 137,000 cars per day.
- Wells Fargo subleases a portion of the space on an absolute net lease basis for an opportunity of supplemental income.
- Average HH income in a 1-mile radius is $79,529, in a 3-mile radius it is $83,335 and $77,942 in a 5-mile radius with a population of 251,698 in a five-mile radius.
- One of only Ā±400 Walgreens locations with an in-store healthcare clinic.
- Directly across the street from CVS making this a strategic location for both Walgreens and CVS.
- Surrounded by residential neighborhoods and located at Exit 246 of Interstate 10 Ā±12 miles northwest of downtown Tucson. Average household income is $90,069 in a three-mile radius and $83,659 in a five-mile radius and 281,588 in a ten-mile radius.
- Subject property is located in a two-mile radius of three different hospitals.
- Located in a retail hub with approximately 1.8 million square feet of retail space.
- 50 miles north of Tampa along at the central coast Gulf of Mexico.
- Five mile radius population is 82,480 and household income is $60.598.
- Approx. 13 yrs. of term remaining before 10 (5-year) options, double net lease, landlord responsible for parking only.
- The lease allows for five percent (5%) rental increases in each of the ten (five-year) options.
- The lease structure for this asset does not include a rent holiday.
- Located less than 0.2 of a mile from Russell Medical, a not-for-profit acute care hospital.
- Only national chain drugstore in Alexander City, next nearest Walgreens or CVS over 13 miles away.
- 14+ years of term remaining on an absolute net lease with eleven 5-year options to extend.
