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Walgreens | 8yrs Remain Corp Abs NNN 2301 S Kingshighway Blvd 10,635 SF Retail Building Saint Louis, MO 63110 $6,821,904 CAD ($641.46 CAD/SF) 7.50% Cap Rate

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Investment Highlights

8 Years Remaining | Corporate Guaranteed
Signalized, Hard Corner Intersection | Interstate 44 | Drive-Thru Pharmacy

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics in 5-Mile Trade Area

Executive Summary

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed, drive-thru equipped, Walgreens investment property located in St. Louis, Missouri. The tenant, Walgreen Co., has 8 years remaining in their initial term with 11 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

10,635 SF

Building Class

Year Built

2019

Price

$6,821,904 CAD

Price Per SF

$641.46 CAD

Cap Rate

7.50%

NOI

$511,643 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.18

Lot Size

1.39 AC

Zoning

F - Neighborhood Commercial District

Parking

56 Spaces (5.27 Spaces per 1,000 SF Leased)

Frontage

220’ on Kingshighway Blvd

Corner Lot

Dedicated Turn Lane

Signage

Signalized Intersection

Retailer
99,999 SF
$9.99
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Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.