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Property ID: 31234

Walgreens


City: Topeka

State: KS

Date Added 07/30/2023 Date Updated 03/26/2024

FINANCIAL PROFILE

  • Price $5,178,571
  • NOI $362,500
  • Cap Rate 7.00%
  • Price PSF N/A
  • Rent PSF N/A

PROPERTY OVERVIEW

  • Type of Ownership N/A
  • Year Built 0000
  • Year Remodeled N/A
  • Gross Leasable Area (GLA) null
  • Building Size (SFT)
  • Lot AC N/A
  • Tenancy

LEASE ABSTRACT

  • Lease Type NNN
  • Years Remaining 20
  • Guarantor
  • Initial Term Increases N/A
  • Initial Term Lease Begin 01/01/1970
  • Initial Term Lease Expiration 01/01/1970
  • Renewal Options 11, 5-Year Options
  • Option Increases N/A
  • Rent Holidays N/A

DEMOGRAPHICS

Population

1-Mile 3-Mile 5-Mile
10,440 71,944 120,663

Average Household Income

1-Mile 3-Mile 5-Mile
N/A N/A N/A

VEHICLES PER DAY

COMPANY

Walgreens is owned by the Walgreens Boots Alliance, Inc. This parent company is currently the largest retail pharmacy in the US and Europe, with 13,200 stores in over 11 countries. Walgreens Boots Alliance was created through the combination of Walgreens and Alliance Boots in December 2014. This transaction brought together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted healthcare services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years. Walgreens had been in merger talks with Rite Aid since 2015. In June of 2017, the pharmacies announced the merger was off however Walgreens will acquire over 2,100 Rite Aid locations. Walgreens is a market leader in the US and has 8,175 retail stores which includes Walgreens and Duane Reade. Walgreens owns 15% of these retail locations and the rest are leased. Walgreens Boots Alliance stated that they will close about 200 less-profitable US Walgreens stores and open the same number of stores in new locations. The last closing will be no later than the end of 2017.

LOCATION

N/A

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