2550 E 88th Ave | Anchorage, AK 99507
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2550 E 88th Ave
Anchorage, AK 99507
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Commitment: Long term, absolute NNN lease with over 10 years remaining on the term
- Signalized Corner Location: Located at the intersection of 88th Avenue and Lake Otis Parkway, with traffic counts in excess of 27,600 vehicles per day
- Dense Area Population: There are over 166,000 people within a 5-mile radius of the property
- ZERO Landlord Responsibilities: Allows for a true, passive investment with no management required
- Limited Area Competition: Walgreens has gained market share in Anchorage as it benefits from a higher store presence compared to its competitor
- Affluent Demographics: Average household incomes of $126,000+ within a 3-mile radius
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,590 SF
Building Class
C
Year Built
2013
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.80 AC
Zoning
I1
Parking
150 Spaces (10.28 Spaces per 1,000 SF Leased)
Frontage
265’ on E 88th Avenue
PROPERTY TAXES
| Parcel Number | 01429128000 | Improvements Assessment | $2,018,300 |
| Land Assessment | $1,489,500 | Total Assessment | $3,507,800 |
PROPERTY TAXES
Parcel Number
01429128000
Land Assessment
$1,489,500
Improvements Assessment
$2,018,300
Total Assessment
$3,507,800
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