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Walgreens | St. Louis, MO 3720 N Kingshighway Blvd

14,820 SF Retail Building Saint Louis, MO 63115 $5,334,000 ($360/SF) 7.50% Cap Rate

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Investment Highlights

CORPORATE GUARANTEE FROM WALGREENS
EXCELLENT SITE-LEVEL VISIBILITY & CONVENIENCE
UNIVERSITY OF MISSOURI-ST. LOUIS | Located less than 5 miles away from the property is the University of Missouri-St. Louis

ABSOLUTE TRIPLE NET (NNN) LEASE
MARK TWAIN/I-70 INDUSTRIAL NEIGHBORHOOD | The subject property is adjacent to the Mark Twain/I-70 Industrial neighborhood
2ND LARGEST CITY IN MISSOURI | St. Louis is the second-largest city in Missouri and the largest MSA in the entire state.

Executive Summary

PRICING - $5,334,000
CAP RATE - 7.50%
NOI - $400,000
LEASE TERM - 5.5+ YEARS
GUARANTEE - CORPORATE

Final OM_Walgreens - St. Louis, MO_May 2024 (optimized)

Property Facts

Sale Type

Investment NNN

Sale Conditions

Build to Suit

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,820 SF

Building Class

Year Built

2005

Price

$5,334,000

Price Per SF

$360

Cap Rate

7.50%

NOI

$400,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.22

Lot Size

1.57 AC

Opportunity Zone

Yes

Zoning

Parking

68 Spaces (4.59 Spaces per 1,000 SF Leased)

Amenities

Drive Thru

Retailer
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Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.