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Walgreens | 8yrs Remain Corp Abs NNN 2301 S Kingshighway Blvd 10,635 SF Retail Building Saint Louis, MO 63110 $4,800,000 ($451.34/SF) 7.50% Cap Rate
Investment Highlights
- 8 Years Remaining | Corporate Guaranteed
- Signalized, Hard Corner Intersection | Interstate 44 | Drive-Thru Pharmacy
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area
Executive Summary
SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed, drive-thru equipped, Walgreens investment property located in St. Louis, Missouri. The tenant, Walgreen Co., has 8 years remaining in their initial term with 11 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,635 SF
Building Class
B
Year Built
2019
Price
$4,800,000
Price Per SF
$451.34
Cap Rate
7.50%
NOI
$360,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.39 AC
Zoning
F - Neighborhood Commercial District
Parking
56 Spaces (5.27 Spaces per 1,000 SF Leased)
Frontage
220’ on Kingshighway Blvd
Amenities
- Corner Lot
- Dedicated Turn Lane
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Walgreens began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Very walkable
80/100
Exceptionally drivable
100/100
Limited public transit
30/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 482101-00670 | Improvements Assessment | $362,200 |
| Land Assessment | $108,200 | Total Assessment | $470,400 |
Property Taxes
Parcel Number
482101-00670
Land Assessment
$108,200
Improvements Assessment
$362,200
Total Assessment
$470,400
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