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Walgreens Absolute NNN Lease | #1 Store in AK 1721 E Parks Hwy 14,723 SF Retail Building Wasilla, AK 99654 $14,204,099 CAD ($964.76 CAD/SF) 5.70% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease
- Corporate Guarantee
- Strong Surrounding Demographics
- Zero Landlord Obligations
- Outparcel to Target and Michael's-anchored Shopping Center
EXECUTIVE SUMMARY
This is the opportunity to purchase an absolute NNN leased Walgreens. The lease calls for zero landlord obligations. This Walgreens is the #1 store in the state of Alaska (1of 11) per Placer AI, guaranteeing stability of income stream. This top performing store includes a drive-thru boosting sales revenue. This Walgreens is an outparcel to Target and Michael's anchored shopping center. The site is located off a signalized hard corner intersection and surrounded by a strong mix of national and local retailers including Fred Meyer, The Home Depot, Petco, Starbucks, Raising Cane's, and more.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,723 SF
Building Class
B
Year Built
2008
Price
$14,204,099 CAD
Price Per SF
$964.76 CAD
Cap Rate
5.70%
NOI
$809,634 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
1.18 AC
Zoning
35
Parking
64 Spaces (4.35 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6799000T002 | Improvements Assessment | $3,649,075 CAD |
| Land Assessment | $1,222,407 CAD | Total Assessment | $4,871,482 CAD |
PROPERTY TAXES
Parcel Number
6799000T002
Land Assessment
$1,222,407 CAD
Improvements Assessment
$3,649,075 CAD
Total Assessment
$4,871,482 CAD
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Walgreens Absolute NNN Lease | #1 Store in AK | 1721 E Parks Hwy
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