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WALGREENS (12 Yr ABSOLUTE NNN)– HASTINGS, NE 705 N Burlington Ave 13,348 SF Retail Building Hastings, NE 68901 $2,808,000 ($210.37/SF) 6.25% Cap Rate
Investment Highlights
- LONG-TERM ABSOLUTE NNN LEASE: 12+ years remaining on initial 15-year Absolute NNN lease with RARE 5% rental escalations every 5 years!
- HIGH SALES VOLUME LOCATION: Currently ranked in the top 65th percentile (2,302 out of 6,714) of Walgreen’s stores in North America
- LARGE PARCEL | ADJACENT TO HOSPITAL: Well-positioned on a ±0.95-acre parcel at the signalized northwest corner of W 7th St & N Burlington Ave
- CORPORATE TENANT: Walgreen Co. is a leading retail pharmacy company focused on pharmacy, access & care and operating 8,043 locations as of Feb. 2026
- ONLY WALGREENS PHARMACY IN 22- MILE RADIUS!
- 2025 DEMOGRAPHICS: Total Population (5MI): 26,472 | Average Household Income (1MI): $90,169
Executive Summary
(Building & Land) Fee Simple
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,348 SF
Building Class
C
Year Built
1994
Price
$2,808,000
Price Per SF
$210.37
Cap Rate
6.25%
NOI
$175,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
0.95 AC
Zoning
C
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 284-04312.20 | Improvements Assessment | $920,952 |
| Land Assessment | $153,793 | Total Assessment | $1,074,745 |
Property Taxes
Parcel Number
284-04312.20
Land Assessment
$153,793
Improvements Assessment
$920,952
Total Assessment
$1,074,745
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WALGREENS (12 Yr ABSOLUTE NNN)– HASTINGS, NE | 705 N Burlington Ave
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