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6725 N Glenwood St 14,560 SF Retail Building Garden City, ID 83714 $4,000,000 ($274.73/SF) 8.25% Cap Rate
Investment Highlights
- Absolute NNN—no landlord responsibilities
- Located at one of the highest traffic intersections in Idaho with 41,000 AADT on W State Street and 36,000 AADT on N Glenwood Street
- Boise is one of the fastest growing MSA’s in the US
- Adjacent to Walmart and surrounded by national retailers including Albertsons, Ross, Big 5, Verizon, T-Mobile, O-Reilly Auto Parts, Batteries Plus
Executive Summary
Tenant Profile
Walgreens is the second largest in the United States, behind CVS Health’s CVS Pharmacy. It specializes in filling prescriptions, health and wellness products, health information, and photo services. It was founded in Chicago in 1901, and is headquartered in the Chicago suburb of Deerfield, Illinois. On December 31, 2014, Walgreens acquired Switzerland-based Alliance Boots. Walgreens employs approximately 312,000 people worldwide.
Walgreens is the second largest in the United States, behind CVS Health’s CVS Pharmacy. It specializes in filling prescriptions, health and wellness products, health information, and photo services. It was founded in Chicago in 1901, and is headquartered in the Chicago suburb of Deerfield, Illinois. On December 31, 2014, Walgreens acquired Switzerland-based Alliance Boots. Walgreens employs approximately 312,000 people worldwide.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,560 SF
Building Class
B
Year Built
2005
Price
$4,000,000
Price Per SF
$274.73
Cap Rate
8.25%
NOI
$330,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
0.84 AC
Zoning
C-2
Parking
60 Spaces (4.59 Spaces per 1,000 SF Leased)
Frontage
135’ on Glenwood St
Amenities
- Pylon Sign
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | S0524428250 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $809,800 |
Property Taxes
Parcel Number
S0524428250
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$809,800
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6725 N Glenwood St
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