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Walgreens Absolute NNN Lease | #1 Store in AK 1721 E Parks Hwy

14,723 SF Retail Building Wasilla, AK 99654 $10,175,439 ($691/SF) 5.70% Cap Rate

Drug Stores Alaska Wasilla 1721 E Parks Hwy, Wasilla, AK 99654

Investment Highlights

  • Absolute NNN Lease
  • Corporate Guarantee - NASDAQ WBA
  • 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
$10,175,439
Price Per SF
$691
Cap Rate
5.70%
NOI
$580,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Land Acres
1.18 AC
Zoning
35
Parking
64 Spaces (4.35 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Drive Thru
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1721 E Parks Hwy, Wasilla, AK - aerial map view - Image1
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PROPERTY TAXES

Parcel Number 6799000T002 Improvements Assessment $2,658,800
Land Assessment $875,700 Total Assessment $3,534,500

PROPERTY TAXES

Parcel Number
6799000T002
Land Assessment
$875,700
Improvements Assessment
$2,658,800
Total Assessment
$3,534,500
  • Kase Abusharkh
    Kase Abusharkh
  • Lottie Michael
    Lottie Michael
  • Michael James
    Michael James
(925) 348-1844

  • Listing ID: 29489272

  • Date on Market: 9/11/2023

  • Last Updated:

  • Address: 1721 E Parks Hwy, Wasilla, AK 99654

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Walgreens Absolute NNN Lease | #1 Store in AK | 1721 E Parks Hwy
(925) 348-1844 x

Walgreens Absolute NNN Lease | #1 Store in AK | 1721 E Parks Hwy

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Kase Abusharkh

(925) 348-1844

(925) 348-1844

Lottie Michael

(907) 646-3600

x306

(907) 646-3600 x306

Michael James

(907) 646-3652

(907) 646-3652

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