44001 Sterling Hwy
Soldotna, AK 99669
Walgreens · Retail Property For Sale

The subject property is strategically located at the junction of the Sterling Highway/Alaska Route 1 (22,505 AADT) and the Kenai Spur Highway (14,734 AADT), a well-travelled thoroughfare and local landmark dubbed the Soldotna Y. This junction, which connects Soldotna to the rest of the Kenai Peninsula as well as major cities including Anchorage and Homer has allowed Soldotna to develop into a retail and service hub for the Central Peninsula and beyond. The area also benefits from strong demographics in a five mile radius: average household income in the area is $87,231, and median home value is $236,453. Walgreens goes against limited business competition, as it is the only major drugstore brand in Alaska; its two largest competitors, CVS and Rite-Aid, operate no freestanding locations in the state. The nearby Central Peninsula General Hospital provides pharmacy services only to inpatients, further driving demand. In addition, over the next ten years Soldotna and the Kenai Peninsula region are expected to experience the same greying seen in many parts of the U.S. as their senior population continues to rise. The city of Soldotna, Alaska, population 4,163, is located approximately 150 miles south of Anchorage on the central-western portion of the Kenai Peninsula. It serves as the seat of the Kenai Peninsula Borough (population 55,400). The city' s prime location at the junction of the Sterling and Kenai Spur Highways, access to the Kenai River and Soldotna Creek, and its proximity to the Kenai Peninsula' s oil industry have driven growth throughout the city' s lifetime. The Kenai Peninsula region benefits from a diverse economic base: tourism, commercial fishing, oil and gas, infrastructure, maritime commerce, construction, and healthcare all thrive in the region. Strong road, air, marine, and rail infrastructure support commerce in the region. Over the last decade, the city has invested nearly $20 million in infrastructure. Top employers in Soldotna include the Central Peninsula General Hospital, Kenai Peninsula Borough and School District, and Kenai Peninsula College, among others. This property is listed in conjunction with Alaska-licensed real estate broker Keller Williams Realty Alaska Group.