210 Wyoming Ave
Kingston, PA 18704
Walgreens · Retail Property For Sale

Absolute NNN Lease - Zero Landlord Responsibilities - Walgreens is operating under an Absolute NNN lease with the landlord having zero management responsibilities/costs under the lease. The Tenant is responsible for all CAM, Taxes, Utilities, Roof, Structure and Parking Lot repair and maintenance on the property for the full term of the lease and the options. Strong Reported Store Sales - Walgreens has been reporting strong store sales at this location, above the national Walgreens average, a key indicator of the tenant’s commitment to a site. Downtown Location with Dense Demographics - The site is located in the center of downtown Kingston and has over 200,000 people residing in the five-mile radius to the property. Just under 10 Years Remaining on the Lease - Walgreens lease commenced in May of 2003 and is up for renewal in September of 2029. The lease calls for five, 10-year renewal options to extend the lease. Strong Investment Grade Corporate Guarantee - Walgreens Inc is the largest retail pharmacy, health and beauty retailer in the USA and Europe. Walgreens corporate parent company, Walgreens Boot Alliance has a market cap of over $62 billion and maintains an investment-grade credit rating of BBB (S&P) and Baa2 (Moody’s). Strategic Location at a 4-Way Signalized Intersection - The site benefits from its strategic location at a 4-way signalized intersection on the hard corner of Wyoming Ave and Market St, which sees traffic counts exceeding 30,000 vehicles per day. Drive-Thru Location - The site is equipped with a drive-thru in the downtown Kingston location, which adds an added convenience for shoppers and helps boost store sales. The Only Walgreens Location for Over Seven Miles - The site benefits from being the only Walgreens in Kingston, PA and the nearest Walgreens location more than seven miles.