1350 Sportsman Way | Fairbanks, AK 99709
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- LoopNet Team
1350 Sportsman Way
Fairbanks, AK 99709
Walgreens | Fairbanks AK | 13 Years | Dark · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STABLE INCOME CORPORATE GUARANTEE - Lease income is guaranteed by Walgreens (S&P BBB) investment grade, Fortune 500 Company, with over 9,200 locations
- GUARANTEED INCOME FROM WALGREENS CORP - Store is dark and not in operation but will produce $7.9M in rental income over the remaining 13 yr term.
- 2014 BUILT TO SUIT CONSTRUCTION - Built-to-suit for Walgreens in 2014, ±17,050 SF structure on ±69,652 SF lot with drive-thru window.
- ABSOLUTE NET LEASE WITH 13 YRS REMAINING - The lease has 13 years of primary term remaining on absolute net lease and no landlord responsibilities
- LOCATED IN TAX FREE STATE - There are no state income taxes in Alaska.
- HIGH TRAFFIC AREA NEAR FAIRBANKS INTL AIRPORT - Located on the SE corner of Sportsman Way & Airport Way with combined traffic counts of ± 27,000 VPD.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
16,510 SF
Building Class
C
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.60 AC
Zoning
Commercial
Parking
60 Spaces (3.52 Spaces per 1,000 SF Leased)
Frontage
175’ on Sportsman Way
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 664896 | Improvements Assessment | $4,311,588 |
| Land Assessment | $1,097,026 | Total Assessment | $5,408,614 |
PROPERTY TAXES
Parcel Number
664896
Land Assessment
$1,097,026
Improvements Assessment
$4,311,588
Total Assessment
$5,408,614
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