Gulfport, MS - Walgreens

Description:

• The tenant, Walgreens Co., has 13-Years remaining with ten (10) 5-year options
• Lease is signed by Walgreens Co.
• Walgreens currently subleases the property to Dollar Tree (S&P: BBB / NYSE: DLTR)
• Landlord is not a party to the sublease with Dollar Tree and does not know the sublease terms or rent
• Walgreens may sublease without Landlord’s approval

• The dense 5-mile subject trade area is supported by more than 59,000 residents and over 43,000 employees
• Within 3 miles, the average household income exceeds $53,500
• Immediate population base includes 27,800 residents within 3 miles
• Located at the signalized hard corner of 25th Avenue & Pass Road (37,300 VPD combined)
• Excellent visibility with strong monument signage
• Strategically positioned in Gulfport’s main retail corridor less than 2 miles from Interstate 10 and Gulfport-Biloxi International Airport