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Walgreens Absolute NNN Lease | #1 Store in AK 1721 E Parks Hwy 14,723 SF Retail Building Wasilla, AK 99654 $10,175,439 ($691.13/SF) 5.70% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Corporate Guarantee
- Strong Surrounding Demographics
- Zero Landlord Obligations
- Outparcel to Target and Michael's-anchored Shopping Center
Executive Summary
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,723 SF
Building Class
B
Year Built
2008
Price
$10,175,439
Price Per SF
$691.13
Cap Rate
5.70%
NOI
$580,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
1.18 AC
Zoning
35
Parking
64 Spaces (4.35 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6799000T002 | Improvements Assessment | $2,718,700 |
| Land Assessment | $1,007,000 | Total Assessment | $3,725,700 |
Property Taxes
Parcel Number
6799000T002
Land Assessment
$1,007,000
Improvements Assessment
$2,718,700
Total Assessment
$3,725,700
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Map
Contact the Sale Advisor
Walgreens Absolute NNN Lease | #1 Store in AK | 1721 E Parks Hwy