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- LoopNet Team
100 Admiral Weinel Blvd
Columbia, IL 62236
Walgreens | 6.65 CAP | 11.75 Yrs | St. Louis · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STABLE INCOME - Income guaranteed by Walgreens corp., investment grade credit rating of BBB (S&P), top 20 Fortune 500, with ±9,500 locations.
- STRATEGIC LOCATION NEAR CVS – Only one drugstore within a 5-mi radius, a CVS ±0.2 mi NW making this a strategic location for both Walgreens and CVS.
- SOLID REPORTED SALES - Walgreens is reporting solid sales at this location which is open until 10:00 PM and sells liquor, beer and wine.
- ±11.75 YRS OF LEASE TERM - Walgreens extended lease early showing commitment to this location, there are ±11.75 yrs. remaining and 7 (5-year) options.
- LIMITED COMPETITION - There are no other Walgreens properties for over 5 miles and the next nearest CVS is over 7 miles away.
- ST. LOUIS MSA LOCATION WITH ±3M RESIDENTS - Located 15 mi south of Downtown St. Louis, the 20th largest MSA in the U. S., minutes from I-255.
PROPERTY FACTS
ABOUT 100 ADMIRAL WEINEL BLVD , COLUMBIA, IL 62236
We are pleased to present for sale the opportunity to acquire the Walgreens property located in Columbia, IL. Walgreens extended the lease early showing commitment to this location. This property is available for purchase and operates on a double net lease basis with approximately 11.75 years remaining on the lease term and seven (5-year) options to follow with landlord responsible for roof and structure. Income guaranteed by Walgreens corporation which has an investment grade credit rating of BBB (S&P) and is a top 20 Fortune 500 company with approximately 9,500 locations. There is only one drugstore within a five-mile radius which is a CVS approximately 0.2 miles northwest of the subject property making this a strategic location for both Walgreens and CVS. There are no other Walgreens properties for over 5 miles and the next nearest CVS is over 7 miles away. Walgreens is reporting solid sales at this location which is open until 10:00 PM and sells liquor, beer and wine. Located only 15 miles south of Downtown St. Louis, which is the 20th largest metropolitan statistical area in the United States with nearly 3,000,000 residents. Store is located just minutes from I-255 which connects Columbia to St. Louis via the Barracks Bridge. The average household income is $80,446 within a 5-mile radius and the population is 260,135 in a 10-mile radius.
PROPERTY TAXES
| Parcel Number | 04-21-133-001-000 | Improvements Assessment | $277,691 |
| Land Assessment | $228,181 | Total Assessment | $505,872 |
PROPERTY TAXES
