Walgreens
| Status | Sold |
|---|---|
| Price | $5,988,000 |
| Cap Rate | 4.95% |
| NOI | $296,400 |
| Lease Type | Absolute NNN |
| Lease Term | 13 Years |
| Lease Start | 9/1/2022 |
| Lease Expiration | 8/31/2035 |
| Building Size | 14,820 SF |
| Lot Size | 2.84 AC |
Overview
Situated 30 miles west of downtown St. Louis, Walgreens is located with excellent access and visibility on State Highway K (9,251 VPD), where it is adjacent to the on-ramp to Interstate 64 / US Highway 40 (47,933 VPD).
The property is strategically positioned adjacent to QuikTrip gas station, across from Marriott’s Residence Inn (108 rooms) to the south, and a shopping center anchored by Friar Tuck Beverage and Starbucks to the west. Directly southeast of Walgreens is Progress West Hospital (42 Inpatient Beds) – a premier facility offering a comprehensive range of medical services including pediatric care from St. Louis Children’s Hospital physicians.
O’Fallon (Population: 91,545) is a city in St. Charles County, Missouri. The area is a component of the St. Louis Metropolitan Statistical Area, which has a population of over 2.8 million, making it the country’s 21st most populous MSA.
