STREAM Capital Partners > Properties > All Properties > Walgreens

Walgreens

Net Lease

5414 Telegraph Road, St. Louis, Missouri
Ownership Type:
Owner/User
Price:
$4,484,848
Cap Rate:
8.25%
Current Rent:
$370,000
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Renewal Options:
10, 5-year options
Building Sq. Ft.:
14,490 SF
Rent Increases:
None
Site Size:
1.63 Acres

Investment Highlights

  • Investment Grade Tenant: Walgreens Boots Alliance is ranked #28 on the Fortune 500 and has a S&P credit rating of BBB-.
  • Hard Corner Location: Positioned at the signalized intersection of Telegraph Rd. and Crestline Dr. providing exposure to combined traffic counts in excess of 52,000 VPD.
  • Grocery Anchored Trade Area: The sub market is anchored by Schnucks and Dierbergs, the two largest local grocers in the area, and includes other national retailers such as Panera, First Watch, McDonald’s, Firestone, and others.
  • Abs. NNN Lease: Approximately 4 years remain on the abs. NNN lease providing no landlord maintenance responsibilities.
  • Affluent St. Louis MSA Location: Over 58,000 residents with an average household income of $96,000 within 3 miles of the site.
  • Long Term Tenancy: Walgreens has operated at this site since 2004 showing a strong commitment to the market.
Ownership Type:
Owner/User
Price:
$4,484,848
Cap Rate:
8.25%
Current Rent:
$370,000
Lease Type:
Triple Net
Landlord Responsibilities:
None
Renewal Options:
10, 5-year options
Building Sq. Ft.:
14,490 SF
Rent Increases:
None
Site Size:
1.63 Acres

Listing Agents

Graham Gold

Vice President
314 324 8792[email protected]

Connor Shell

Managing Director
407.913.9009[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Broker of Record: Ann Gold, Lic. #2013035473

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