Walgreens | Absolute NNN Lease

Highlights:

• Absolute NNN Lease
• Zero Landlord Obligations
• Corporate Guarantee - NASDAQ WBA
• S&P Rated BBB- Investment Grade Credit
• Outparcel to Target and Michael's-anchored Shopping Center
• Strong Surrounding Demographics
• Income Tax Free state
• Only Walgreens location within 27 Miles of the Site
• #1 store in the state of Alaska (1 of 11) per Placer AI, guaranteeing stability of income stream
• Top 2% of all Walgreens stores per Placer AI

Description:

PROPERTY DESCRIPTION
This is the opportunity to purchase an absolute NNN leased Walgreens. The lease calls for zero landlord obligations. This Walgreens is the #1 store in the state of Alaska (1of 11) per Placer AI, guaranteeing stability of income stream. This top performing store includes a drive-thru boosting sales revenue. This Walgreens is an outparcel to Target and Michael's anchored shopping center. The site is located off a signalized hard corner intersection and surrounded by a strong mix of national and local retailers including Fred Meyer, The Home Depot, Petco, Starbucks, Raising Cane's, and more.

LOCATION DESCRIPTION
This Walgreens is conveniently located off the signalized hard corner inter-section of East Parks Highway and East Palmer-Wasilla Highway (54,134 AADT). The property is located in an affluent area, with a $101,578 average annual household income within five miles of the location. 41,578 residents live within a five-mile radius, providing a stable customer base. The property has also experienced recent rapid and sustained growth, with a 27 percent population increase within five miles of the site since 2010.

The property benefits from its central location near large employers, retailers, and community hubs. The site is outparcel to a Target and Michaels-anchored shopping center. The location is surrounded by a strong mix of local and national retailers, including Fred Meyer, Home Depot, Sportsman's Warehouse, Starbucks, Wells Fargo, Raising Cane's, Burger King, Arby's, and many others. Additionally, the site is located near several major recreational areas and lakes, including Wasilla Lake, Finger Lake State Recreation Site, and Lucile Lake. The property serves as a common gateway to Anchorage, Alaska's most populous city (contains approximately 40 percent of the state's population) and is the only Walgreens location within 27 miles of the site.

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