Investment Overview
Walgreens has been in operation at this store for over 30 years and appears poised to continue that run of successful occupancy. Built in 1995, with an initial twenty year firm term, this Walgreens has seen three options exercised (at this in-place rent) over the last fifteen years. Most recently, Walgreens exercised its option in 2025, demonstrating its commitment to the site as well as the success of the store. The ranking data on the following page, highlights its position in Walgreens portfolio as one of the best stores in the country...at a hard to find, low annual rent.
Investors may view the potential for a 2030 renewal as supported by a rare combination of objective factors: more than 30 years of continuous occupancy, three consecutive option exercises, below-market rent, exceptional store performance, top performing foot-traffic rankings , and a premier infill location at a dominant retail intersection. While no lease renewal can ever be guaranteed, these characteristics collectively suggest this location is well positioned to remain an important part of Walgreens' long-term operating portfolio.
Investment Highlights
- Below Market Rents
- Walgreens Has Been Operating at This Location for 30+ Years
- Already Exercised Three Options at the In Place Rent
- Foot Traffic at This Location is Ultra Strong
- Uber Low Rent
- Top 1400 Location in the Entire Country
- #1 Store for 15+ Miles