Walgreens

Highlights:

• Absolute NNN Lease
• Approximately Three (3) Years Remaining
• Early Three Year Extension During Pandemic
• Walgreens Corporate Guarantee with Long Operating History
• Abundant Parking I 42 Spaces
• 10 Minute Drive to Wichita Mid-Continent Airport
• Population over 95,000 in 3 Miles
• Nearest Store is 3.5 Miles Away
• 2 Miles From Downtown

Description:

SVN Chicago is pleased to present the sale of this 15,120 square foot Walgreens which has just completed an early three year extension without a rent reduction which is exceptionally rare. The recent extension comes along with eight (8) options to extend, which permit Walgreens to occupy the Property until 2061. Walgreens has been at this location since 2001 with the original lease term now expiring in December 2023 with strong sales to support their commitment to this location. Walgreens is the largest drug retailing chain in the United States and has over 8,175 locations in the U.S.A. Walgreens is publicly traded on the New York Stock Exchange (WBA) with a market capitalization in excess of $73 billion.

This 15,120 square foot Walgreens is located on the southeast corner of Waco & 13th street which sees over 25,000 vehicles per day. During the academic year, the store benefits from North High School located across the street which enrolls over 2,000 students. This store is approximately 2 miles from Downtown Wichita and serves a dense population of 90,000 in 3 square miles.

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