Walgreens

2 E Street Rd, Feasterville-Trevose, PA
Deal Type:
Net Lease
Price:
$6,786,667
Cap Rate:
7.50%
Current Rent:
$509,000
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 7.25 years
Renewal Options:
10, 5-year options
Building Sq. Ft.:
14,820 SF
Rent Increases:
Flat
Site Size:
1.73 Acres

Investment Highlights

  • Commitment: 7+ Years Remaining on the lease term
  • Corporate Credit: Strong Guarantee from publicly traded parent company
  • High Visibility: Located at a signalized corner seeing more than 77,709 vehicles per day at intersection
  • Drive-Thru Pharmacy: This serves as a convenience for customers picking up prescription medication
  • Oversized Lot: Property sites on 1.73 acres, with an abundant of excess parking ~ 62 Spaces
  • Demographics: Strong local demographics with population in excess of 72,800 and average household income is $112,486 within a 3 mile radius
  • Location: Adjacent to Poquessing Middle School – 1,000+ faculty and students

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]
John Woodcock Stream Capital Partners

John Woodcock

Vice President
503 853 6108
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Michael Antonoplos, Lic # PA RM 425387

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