Absolute NNN Lease: Tenant covers taxes, insurance, and all repairs and maintenance of the property including roof & structural repairs.
Credit Tenancy:
- #2 Walgreens Boots Alliance Inc. (WBA) is a publicly-traded company with over 8,500 locations.
- The company holds a credit rating “BB” by S&P Global Ratings with annual revenues over $145 billion.
Desirable Retail Location:
- Huntington Shopping Center: Brand new featuring Whole Foods, REI, Just Salad, Petsmart, Ulta, and more. Located across the street.
- Walt Whitman Shops: Home to dozens of credit retailers and restaurants. Located two minutes north.
Exposure | Frontage | Traffic:
- 320’+ of frontage along Walt Whitman Road
- Traffic light corner
- ~46,170 cars pass by on a daily basis (AADT)
Strong Local Demographics:
- Median Household Income $110.5K
- Bachelor’s Degree or Higher 46.0%
- Median Age 40.9
- Persons per Household 3.02
Long Term Lease:
- The Tenant exercised all extension options, and the lease term runs through January 31,2043.
- The tenant has three (3) options to terminatethe lease on January 31, 2028, January 31, 2033, and January 31, 2038 with twelve (12) months prior written notice.