Rite Aid For Sale
Up until early 2018 there were about 4,500 Rite Aid stores throughout the country until Walgreens purchased roughly 1,900 Rite Aid stores primarily in the southeast and northeast.
Naturally the volume of Rite Aid property for sale has declined since there are only 2,500 Rite Aid stores remaining; however, there has also been a decrease in property closings as many investors are shying away from the chain due to credit downgrades and overall company health.
Rite Aid properties have been difficult to price since there is not much data on company sales. There is a 400 basis point spread on and the demand for them has been sporadic. Most of the Rite Aid for sale that we see closing are more infill locations with smaller price points that have inline market rents and a reasonable price per square foot.
After the sale of nearly half of the Rite Aid chain the majority of the stores remain in the northeast and west coast markets. The stores for sale in infill California markets are occasionally inline anchor locations and have a larger foot print than a typical freestanding drugstore. Most of the other Rite Aid locations for sale in secondary or tertiary markets of California and in the state of Washington are more typical freestanding drive thru buildings.
Rite Aid property for sale typically has 20 year initial terms with 5 or 10 year option periods.
Many Rite Aid leases can have up to 10% increases in the options or occasionally in the primary lease term which is much more than the typical Walgreens or CVS leases. As Walgreens continues to either re-brand or close the 1,900 plus Rite Aid stores they purchased, there should begin to be more clarity and predictability with Rite Aid properties for sale. This stability should lead to a more consistent pricing market for Rite Aid properties allowing for lenders and investors to come back to purchasing Rite Aid properties on a regular basis as in the past.
- 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.
- Assumable $5.63M interest-only loan at below-market 3.50% fixed rate, offering a projected 20.7% cash-on-cash return (for qualified buyers).
- Walgreens operates under an NNN lease with zero landlord responsibilities.
- Lease extends through July 31, 2038, providing 12 years and 6 months of remaining income.
- Situated at the intersection of Morris Ave. and Springfield Ave., a primary commuter and retail corridor with an average daily traffic count of ±38,100 vehicles combined.
- Northern New Jersey infill market with significant surrounding population base, including ±131,000 residents within a 3-mile radius.
- 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 Center—an 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 location ranks in the top 7% of Walgreens stores in Georgia and is in the 20% nationwide with over 391,000 annual customer visits.
- Walgreens reports above‑average sales at this location, reinforcing its position as a top‑producing, high‑traffic store within the trade area.
- Constructed in 2012, the store was designated as a Walgreens ‘Well Experience’ location, incorporating an improved floor plan, an upgraded pharmacy model, and expanded product offerings.
- The property is located approximately 36 miles east of Downtown Atlanta and situated along Interstate 20 (63.4K VPD), a major corridor that feeds directly into the city.
- Close proximity to General Mills (400 Employees), Becton Dickinson (700 Employees), Pactiv Evergreen (370 Employees) with ±24.9 million square feet of industrial space in the area.
- Located less than one mile from Piedmont Newton, a 107 bed hospital supported by more than 475 physicians and 650 employees.
- 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 Clare’s 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.
- Walgreens lease runs through October 31, 2032, with no landlord responsibilities.
- In a 1 and 3-mile radius average household incomes are approximately $100,000 per household.
- Located near I-95 Exit 53 and Shore Line East commuter rail station.
- Coastal zoning and built-out conditions restrict new commercial development.
- West Main Street maintains historically low vacancy and strong tenant retention.
- Close to major employment centers including Yale University and Yale-New Haven Hospital.
- The lease is an absolute NNN lease with zero landlord obligations whatsoever and has 5% rental increases every 5 years throughout the first four option periods.
- According to Placer.ai, this location ranks in the top 10% in customer visits for all Walgreens locations in Michigan.
- 4 miles northeast of Ford's Global Headquarters which includes their new, 2.1 million square foot building. 14,000 employees will be within a 15 minute walk of the new location, per Ford.
- 154,000 residents, and 51,000 households within a 3-mile radius of the property.
- Located on the signalized hard-corner of Schaefer Rd and Warren Ave, (46K total VPD). Close proximity to the I-94 connecting Dearborn to Detroit with over 131K vehicles per day.
- In 2022, Walgreens extended its lease out 10 years, showing the tenant's long-term commitment to the location.
- Amplify Tomball (less than 0.5 miles north) and Willow Creek Manor (1.5 miles to the east) are bringing 434 new multifamily units to the immediate neighborhood in 2026.
- Walgreens is paying $25.27/sf in rent, which is in line with the local retail market rents of $26/sf.
- Located in a Houston suburb, the average household income within 1 mile of the property is over $140,000.
- Situated on a signalized hard corner with a combined 47,000 VPD and located less than a mile from the ingress/egress for Tomball Parkway (TX-249) with over 101,000 VPD.
- There is over 3.1 million square feet of existing retail space within 2 miles of the property, with a vacancy rate under 4%.
- Absolute NNN lease through August 31, 2032, with ten (5-year) renewal options and no landlord responsibilities.
- In a 1, 3 and 5-mile radius average household incomes range from $90,000 to $100,000 per household. Positioned along Farmington Avenue (Route 372) with direct access to I-91 and I-84 with ±15,400 vehicles per day.
- Located 12 miles from Hartford, home to major employers such as Travelers, Aetna, The Hartford, and Hartford Healthcare.
- Surrounded by major employers including Eversource Energy, Assa Abloy, Comcast, and others with over 3,000 jobs in the immediate area.
- Proximity to multiple institutions, including Central Connecticut State University in nearby New Britain and the University of Hartford.
- Walgreens lease runs through July 31, 2028, with ten (5-year) renewal options and no landlord obligations.
- Co-tenancy with VillageMD signals Walgreens’ targeted investment in this location as part of its national healthcare expansion strategy.
- Average household income of $117,577 within a 1-mile radius and a population of over 94,000 within 5 miles.
- One of only two CHIPS Zones in the state, providing refundable tax credits for semiconductor-related businesses and reinforcing the area’s economic foundation.
- Surrounded by major employers including Seagate, AMD, Micron, and over 40 tech, aerospace, and hardware companies.
- Walgreens operates on an absolute net lease with no landlord responsibilities whatsoever.
- The property benefits from limited drugstore competition, with the next nearest Walgreens store being a 25-minute drive across the state line, over 8.5 miles away.
- Located across the street from a CVS store and is the last Walgreens leaving Kansas City to the north for over 36 miles and the last Walgreens west of the Missouri River for 132 miles.
- The property is located less than a half mile from Saint John Hospital and Dwight D. Eisenhower VA Medical Center, serving as the closest Walgreens location.
- Situated 4 miles to the north, Fort Leavenworth is the second oldest active U.S. Army post west of Washington D.C., spanning 5,600 acres and home to the United States Army Combined Arms Center.
- Less than a quarter of a mile south, the University of Saint Mary offers more than 30 undergraduate and master's programs.
- The lease is on an absolute net basis with 3.75 years of primary lease term remaining, ten (5-year) options and no landlord responsibilities whatsoever.
- This Walgreens is located directly across the street from CVS, making this a strategic location for both CVS and Walgreens. These are the only two national brand drugstores in Crawfordsville.
- The property is located in the heart of Crawfordsville at the main intersecting roads in the city, North Washington Street and West Market Street with a combined traffic count of approximately 30,000 vehicles per day.
- Two miles south of Franciscan Health Crawfordsville (103 beds) and Wellbrooke Senior Living.
- Listed by Brian Brockman, Bang Realty - Inc, 513-898-1551, wg@bangrealty.com, VA DRE Lic. 225245999.
- Walgreens has been operating at this location since 1999, and in 2019, Walgreens renewed its first 5-year option. In 2024, Walgreens restructured its lease early, extending the firm lease term to 2034.
- Two hospitals totaling 540 beds are both within 2 miles of the property.
- Within 3.5 miles there are currently over 350 new units under construction.
- Situated at a signalized intersection with a combined traffic count of 37,000 vehicles per day.
- There is more than 4.8 million square feet of existing retail space within 2 miles of the property.
- Walgreens operates on an absolute net lease with no landlord responsibilities whatsoever.
- In January 2026, the City of Shawnee approved renovations to the Westbrooke Green Shopping Center, which include a new lease with El Mercado Fresca in the vacant Dillon’s Grocery location.
- Completed in 2022, the Chadwick complex, less than a quarter of a mile north, brought 345 new luxury apartment units to the market.
- 1.5 miles east of the property, Advent Health Shawnee Mission is a 504-bed hospital complex that underwent a $35 million expansion in 2017.
- Located less than one mile south, the Pine Ridge Business Park is a 232-acre campus that has over 5.9 million square feet of industrial and manufacturing space.
- Situated 13 miles from downtown Kansas City, the property has over 213,000 residents within 5 miles, supporting an average household income of $105,506.
- Walgreens will be paying $16.80/sf in rent after the next increase, which is in line with the local retail market of $16-18/sf.
- According to Placer.AI, the property ranks in the top 25% of Walgreens nationwide.
- The property is located a half mile from the University of Memphis main campus, with over 24,000 full-time students and faculty.
- Located 2.5 miles from the property, the FedEx World Hub is the largest sorting facility in the FedEx global network and employs 30,000 people locally, with annual revenues exceeding $45 billion.
- The property has 8.5 million square feet of existing retail space within a 3-mile radius.
- Located 5.5 miles from Downtown Memphis, the property has 101,000 households within 5 miles, with a population exceeding 245,000.
- Beginning September 1, 2026, Walgreens’ rent adjusts to $18.12/psf, below current market retail rents of $20–22/psf. The asking CAP rate is based on this lower rent level.
- In 2025, Walgreens waived its 2026 and 2031 termination options, extending the lease expiration to July 31, 2036.
- Walgreens’ first option period in 2036 includes a rental escalation of 21%.
- Located in Jacksonville’s San Marco submarket, which maintains a 3.5% retail vacancy rate—nearly one percentage point below the national average of 4.3%.
- Frontage on University Boulevard (28.5 VPD) and St. Augustine Road (16.3K VPD), positioned under one mile from the I‑95 (171K VPD) ingress/egress—a primary corridor into Downtown Jacksonville.
- Property is located directly across the street from CVS, making this a strategic location for both CVS and Walgreens.
- Absolute triple-net lease with no landlord responsibilities; stable income through January 31, 2034.
- Tyson Foods’ 288,710 SF processing facility (1,500+ employees) and Raytheon’s 407,000 SF manufacturing center. In 2022, Tyson invested $90 million in expanding its facility, resulting in the creation of 320 additional jobs and making it the single largest capital investment in Scott County.
- The investment allows for a significant portion of the purchase price to be recaptured during the initial lease term.
- No other Walgreens within a 32-mile radius; tenant serves as the primary national pharmacy provider in the region.
- Positioned off U.S. Route 80 the property is located just off the main east-west corridor connecting Meridian and Jackson, supporting daily regional traffic.
- The lease is an absolute NNN lease with zero landlord obligations whatsoever with six (5-year) renewal options and 10% rent increases in the first and third options.
- No other Walgreens within 13 miles and no CVS location within 26 miles.
- Closest drugstore to MaineHealth Franklin Hospital, which serves the Greater Franklin County and its 40,000 residents.
- Located on a key north-south corridor leading to Quebec, approximately 80 miles from the Canadian border via Coburn Gore crossing.
- Close proximity to the University of Maine at Farmington, serving 1,837 students and 149 faculty and staff.
- Frontage on Thornton Road (47,300 VPD) and Maxham Road (32,400 VPD).
- Close proximity to Amazon ATL8, Lineage Logistics, GXO Logistics, and Medline distribution centers, with ±24.9 million square feet of industrial space in the area.
- Douglas County is part of Amazon Web Services’ $11 billion investment in Georgia’s cloud and data center infrastructure.
- Absolute triple-net (NNN) lease through September 2028 with ten (5-year) renewal options.
- Thornton Road/State Route 6 serves as the main retail corridor in this market with a strong mix of complimentary national and regional tenants surrounding the subject property.
- Absolute NNN lease with twelve (5-year) renewal options and 5% rent increases in the first four renewal periods.
- Located 0.5 miles from Trinity Health Muskegon Hospital, a 358-bed facility.
- West Shore Plaza, a 959,000-square-foot retail center anchored by Walmart Supercenter, Lowe's, and Sam's Club, is situated approximately one mile to the east.
- Situated along Sherman Boulevard, a primary east-west corridor linking residential areas, retail centers, and medical services across the Muskegon market.
- In March of 2025 GE Aerospace announced they are planning a $70 million expansion at their site in Norton Shores.
- Only freestanding Walgreens property for 5 miles, serving over 140,000 residents with an operating history of 19+ years.
- 3 Mi W of the Fairfax District (527-acre industrial park 10K employees) which is anchored by Kellogg’s and General Motors Assembly Manufacturing Plants.
- Midtown Station- New Development under construction 1 Mi W that includes over 1,500 new residences, 200K square feet of commercial space, a hotel, conference center, and an innovation hub.
- The property has 4.2 million square feet of retail space and over 45 million square feet of industrial space within 4 miles.
- 2.5 miles south of the property, the BNSF Railway Argentine Yard covers 780 acres and is one of the largest and busiest rail yards in the United States. BNSF announced a $3.8 billion capital investment plan for 2025.
- This lease calls for 5% rental increases every 5 years throughout the first four option periods.
- The only occupied Walgreens or CVS pharmacy for over 26 miles away with operating history of 21+ years.
- Labette Health (1.7 mi) a 99-bed hospital serves as the only major hospital system in Parsons and provides services to the six-county area.
- Absolute NNN lease with zero landlord obligations whatsoever, with 5% rental increases in the first four options.
- Located 1.5 miles from the property, Parsons Research Center is a partnership between Kansas State University and federal, state, and county governments conducting research throughout Kansas.
- Adjacent to the property, Labette Community College enrolls over 1,500 students annually.
- Listed by Brian Brockman, Bang Realty - Inc, 513-898-1551, wg@bangrealty.com, WV DRE Lic. WVB200300608.
- The next nearest Walgreens location is over 15 miles away.
- Less than half a mile from the property, St. Joseph's Hospital is the only level IV trauma center in the county.
- The property is surrounded by national retail tenants such as Walmart Supercenter, Lowe’s, Kroger, and Tractor Supply, and has the only national big-box tenants in a 12-mile radius.
- Located less than 1 mile from West Virginia Wesleyan College.
- The lease is an absolute NNN lease with zero landlord obligations whatsoever
- Since 2017, Toyota has invested over $2.7 billion in plant expansions, including electric vehicle production. Toyota Motor Manufacturing Indiana (TMMI) employs over 7,000 people and has produced more than 6 million vehicles since its inception.
- 'The District' (258 units), is the city's first multifamily housing project in nearly a decade and is located 0.5 mile from the property.
- The property serves as the only Walgreens property in Princeton, with the next closest Walgreens pharmacy 23 miles away.
- Financing available for qualified buyers at 6% interest rate and 70% leverage allowing for a 15%+ cash on cash return ($1,100,000 down payment). Contact broker for details.
- Less than 1 mile from the property, Gibson General Hospital serves as the region’s leading healthcare facility.
- Average household incomes are in the $70,000 to $75,000 range within a 3, 5 and 10 mile radius.
- 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 152,000 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.
- Below market seller financing available, contact broker for details.
- Walgreens recently extended their lease in 2023 to a firm 12 years of lease term, showing their commitment to this location.
- Frontage on SW Moreland School Road (9,320 VPD) and MO-7 (25,384 VPD).
- Located in a affluent Kansas City suburb, the average household income in a 1-mile radius is ±$101,000.
- Located 3 miles to the north, St. Mary’s Medical center is a 137-bed acute care facility which has served the community for over 40 years.
- This Walgreens is located across from a CVS making this a strategic market share corner for the two largest national drugstore chains.
- Located on the signalized corner of North Trimble Road and Park Avenue West with a combined traffic count of 32,474 VPD.
- The next closest Walgreens and CVS are more than 32 miles away.
- Located near Mansfield Senior High School, which enrolls approximately 825 students.
- The City of Mansfield is executing a phased streetscape and traffic flow improvement project in the downtown area.
- This is the only Walgreens serving the city of Bryan with the next nearest Walgreens property being approximately 15 miles away.
- The city operates two industrial parks which span a total of 168 acres. There is approximately 2.1 million square feet of manufacturing/industrial space within a 2-mile radius of the property.
- Spangler Candy Company (±500 Employees) and Bard Manufacturing (±200 Employees) have both called Bryan home since the 1900s and have played a significant role in the local economy.
- Walgreens firm lease term runs through July 31, 2032 before their first cancellation option. All building and property expenses are paid directly by Walgreens and there are zero landlord responsibilities whatsoever.
- Walgreens is currently paying $16.02/psf, which is in line with current market retail rents of $16-18/psf.
- Open until midnight, capturing extended‑hour foot traffic which contributes to its ranking as the 3rd most‑visited national drugstore chain within a 10‑mile radius (316K annual visits per Placer.aI).
- In 2025, Walgreens waived its 2028 and 2033 termination options, extending the lease expiration to August 31, 2038.
- Rapid residential expansion with 1,900+ new homes planned or underway within 3 miles, supported by ~4.5% annual population growth since 2020—outpacing Ocala—and driven by proximity to The Villages (20 minutes south), a master‑planned retirement community with 140K residents.
- Located 2.5 SE of the property, a proposal for a major big‑box retailer, a gas station, and roughly 22,500 square feet of additional retail and restaurant space is underway. The development will create 400 jobs.
- According to Placer.ai, the store ranks 1st in most visited Walgreens in a 10 mile radius (amongst 6 other Walgreens locations).
- Less than 1 mile from Acension St. Vincent Hospital (500+ beds) and 3.3 miles from Deaconess Gateway Hospital (250 beds).
- 2M SF of retail within a 1 mile radius and less than 2 miles south of Eastland Mall (1M SF).
- Absolute NNN lease with twelve (5-year) renewal options and 5% rent increases in the first four renewal periods.
- Labcorp patient service center operates within the building, generating additional healthcare-related foot traffic.
- Combined traffic count of approximately 25,426 VPD along South Green River Road and Washington Avenue and is less than a mile from SR 66 with 62,961 VPD.
- Evansville employers include Deaconess Health System, Berry Global Group (Fortune 500), Ascension, Old National Bank, and Toyota Motor Manufacturing Indiana.
- Listed by Brian Brockman, Bang Realty - Inc, 513-898-1551, wg@bangrealty.com, IA DRE Lic. B67571000.
- Across the street from the property, Allen Hospital is a 204-bed hospital serving the greater Cedar Valley market.
- There is over 5.8M sf of industrial space within 3 miles of the property, with a vacancy rate below 1%.
- This Walgreens is the only Walgreens north of Cedar River in Waterloo for over 15 miles.
- The lease calls for a 5% increase in the first four options.
- Close proximity to the John Deere Tractor Major Operations Center & Tyson Foods Fresh Meats processing facility.
- The next closest Walgreens is 13 miles away, while the nearest CVS is 15 miles away.
- The investment allows for a significant portion of the purchase price to be recaptured during the initial lease term.
- Situated on ±99,752 square feet (2.29 Acres) of land along NY Route 5.
- Positioned along the area’s primary commercial and commuter corridor with direct visibility and access.
- 1 mile from Lake Erie and near Evangola State Park.
- The only occupied Walgreens or CVS pharmacy for over 18 miles away with operating history of 18+ years.
- There is more than 1.7 million square feet of industrial space within 2 miles of the property, anchored by TG Kentucky, an automotive supplier, employing over 1,100 local residents.
- Less than 1 mile away, Spring View Hospital, a 75-bed full-service facility, serves as a primary medical provider for Marion County and the surrounding central Kentucky region.
- Morris Packaging has committed $60M to develop a 100K sq ft facility to create nearly 300 jobs. Additionally, EPC-Columbia is expanding its manufacturing operation, adding 40k sf to its existing 240k sf facility.
- The lease is an absolute NNN lease with zero landlord obligations whatsoever with 5% increases in the first four options.
- Lebanon Bypass (KY 2154) is being extended from KY 55 to US 68 east of Lebanon. The extension is part of a broader plan to improve connectivity and reduce congestion in the area.
- 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.
- 0.5 miles from 234-bed Mercy Health Springfield Regional Medical Center.
- Within 2 miles of Wittenberg University (1,254 students) and Springfield High School (1,602 students).
- Fountain Village, a 16-acre housing development which includes 54 single-family homes, and 109 townhomes.
- Located at North Limestone St (±19K VPD) & (±12K VPD) McCreight Ave, a key north–south arterial with direct connectivity to I-70, Springfield’s main interstate access.
- Springfield employment grew 2.3% (Feb 2020–Mar 2024), led by major employers Mercy Health (4,060), Navistar (4,556), and Clark State College.
- Springfield GDP up 6.1% YoY with growth in healthcare, advanced manufacturing, and air mobility.
- The property is the only Walgreens property in Van Buren and the only Walgreens north of the Arkansas River for over 7 miles.
- The property is located adjacent to the Interstate 40 and Fayetteville Road interchange, connecting Oklahoma City to the east and Little Rock to the west, with over 60,000 combined vehicles daily.
- Bekaert Corporation (2 miles east) and Simmons Foods, Inc. (2 miles south), both recently committed over $150 million to expand their manufacturing and distribution centers, adding permanent jobs to the market.
- Located 2.5 miles from the property, Baptist Health - Van Buren is the only major hospital in Van Buren with over 100 licensed beds.
- Under market rent with Walgreens paying $13.89 per square foot.
- Walgreens has been operating at this location since 2000 and in 2019 Walgreens restructured and extended its lease. In 2025, Walgreens renewed its next 5 year option as scheduled.
- The lease features 5% rental increases at each 5 year option period beginning in 2030.
- Located approximately 40 miles from Downtown Houston, the Houston MSA is the fifth-most populous metropolitan statistical area in the United States.
- Close proximity to Interstate 45, which connects Galveston to Houston and then to Dallas, with over 60,000 vehicles per day.
- 1.5 miles south of HCA Houston Healthcare Mainland, a 222-bed hospital.
- 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.
Recently Sold Drugstores
- Located in an infill area on main retail corridor leading directly into Downtown Baton Rouge.
- Located on signalized SEC of Florida Blvd. & Lobdell Blvd. with a combined traffic count of ±77,903 VPD.
- Subject property is an outparcel to a 725,000 SF office park on 5.15 acres.
- Dense economic region with 7M square feet of retail space, 3M square feet of office space and 2,600 multi-family units within a 3-mile radius.
- Heavily trafficked intersection with traffic count of over 40,000 vehicles per day.
- Affluent neighborhood with about $140,000 household income within a 1-mile radius.