Overview

Description

• Walgreens (S&P: BBB) took over this former Rite Aid location, and recently exercised their 5-year option to extend, demonstrating their commitment to the site
• The property has been a pharmacy for over 30 years and is well established in the trade area
• The asset also contains a cleaners and over 10,000 SF of second story space providing value-add through lease-up

• Nearby national/credit tenants include Marshalls, Adams Hometown Market, Starbucks, AutoZone, and more
• Increases consumer draw to the trade area and promotes crossover shopping
• Large pylon sign provides increased visibility
• The asset is located less than 3 miles from The Taft School, built on 226-acres with a student body of 580+
• The campus rivals those of many small colleges, including a library with 55,000 print volumes; a 45,000 square foot science and mathematics building; two theaters; two ice hockey rinks; and an 18-hole golf course

Highlights

• Investment Grade Anchor (S&P: BBB) | Value Add Opportunity | Established Pharmacy Location (Over 30 Years)
• NNN leases | Limited Landlord Responsibilities | Fee Simple Ownership
• Major Thoroughfare | Excellent Visibility & Access
• Retail Corridor | Large Pylon Sign | Near Taft School
• Affluent Population

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