1350 Sportsman Way
Fairbanks, AK 99709
Walgreens | Fairbanks, Alaska | $9,750,000 · Retail Property For Sale

Pharma Property Group has been exclusively retained by ownership to present for sale the opportunity to acquire the Walgreens property located in Fairbanks, Alaska. The lease has over 15 years remaining before the eleven (5-year) options to follow and operates on an absolute net lease basis with no landlord responsibilities. This location was built-to-suit construction to Walgreens building prototype specifications in 2014 and since then has had a history of strong sales performance. The location benefits from limited competition from national retail pharmacy chains as there are no CVS or Rite Aid locations in the state of Alaska. There are no state income taxes in the state of Alaska. This drive-thru pharmacy is located on the signalized SE corner of Sportsman Way & Airport Way. The property is also just minutes from the George Parks Highway (Alaska Route 3) which connects Fairbanks to Anchorage, Alaska. The subject property is 2.9 miles west of Fairbanks Memorial Hospital, a 152-bed full service community hospitals with over 120 physicians. Walgreens benefits from its location on Airport Way which is the main retail corridor in Fairbanks. Adjacent to the subject property is a Fred Meyer anchored center with Starbucks and Taco Bell. Other national retail tenants nearby include Harley Davidson, Auto Zone, Best Western, Carl's Jr., Subway, O'Reilly Auto Parts, KFC, Papa Murphy's, Safeway and H&R Block. Fairbanks is the largest city in the Interior region of Alaska and is part of the Fairbanks North Star Borough. It is the second most populous metropolitan area in Alaska after Anchorage.