Drug Store
Walgreens
4140 S Broadway, St. Louis, MO 63118
Listing Price: $3,085,000
Investment Overview
Marcus & Millichap is pleased to present Walgreens located at 4140 S
Broadway, St. Louis, MO.
Walgreens has been at this location since 1996 and executed a 10-year
early extension in 2016. The lease features automatically renewing
5-year options through 2066 providing stable projections. The subject
property features a pharmacy drive-thru as well as three separate
ingress/egress points providing convenience for customers.
The Property is within the heart of St. Louis, the 21st largest MSA in the
nation, and is situated just 4 miles south of Downtown. Strategically
located less than 1,000 feet from the 189-bed South City Hospital,
Walgreens benefits from the lack of drug store competition in the area.
Located in dense residential suburbs, there are more than 112,000
residents within a 3-mile radius with zero other Walgreens locations
within that radius.
Walgreens pays for all expenses directly with the exception of roof and
structure. The Property features a new roof in 2017 under warranty
through 2032 providing an investor strong predictable cash flows.
The Property is offered for sale at a 7.75% cap rate totaling $3,285,000
Walgreens
Investment Highlights
- DENSE RESIDENTIAL DEMOGRAPHICS 21st Largest MSA In The Nation With More Than 2.8 Million Residents Including 240,000 Residents In A Five-Mile Radius
- LIMITED COMPETITION Less Than 1/4 Mile From South City Hospital With Limited Drug Store Competition In The Area
- LOW OCCUPANCY COST Walgreens Is Paying Just $14.32 PSF, Well Below Average Walgreens Rent Of $26.42 PSF
Exclusively Listed By
Listing Price: $3,085,000
Investment Highlights
- DENSE RESIDENTIAL DEMOGRAPHICS 21st Largest MSA In The Nation With More Than 2.8 Million Residents Including 240,000 Residents In A Five-Mile Radius
- LIMITED COMPETITION Less Than 1/4 Mile From South City Hospital With Limited Drug Store Competition In The Area
- LOW OCCUPANCY COST Walgreens Is Paying Just $14.32 PSF, Well Below Average Walgreens Rent Of $26.42 PSF
Investment Overview
Marcus & Millichap is pleased to present Walgreens located at 4140 S Broadway, St. Louis, MO. Walgreens has been at this location since 1996 and executed a 10-year early extension in 2016. The lease features automatically renewing 5-year options through 2066 providing stable projections. The subject property features a pharmacy drive-thru as well as three separate ingress/egress points providing convenience for customers. The Property is within the heart of St. Louis, the 21st largest MSA in the nation, and is situated just 4 miles south of Downtown. Strategically located less than 1,000 feet from the 189-bed South City Hospital, Walgreens benefits from the lack of drug store competition in the area. Located in dense residential suburbs, there are more than 112,000 residents within a 3-mile radius with zero other Walgreens locations within that radius. Walgreens pays for all expenses directly with the exception of roof and structure. The Property features a new roof in 2017 under warranty through 2032 providing an investor strong predictable cash flows. The Property is offered for sale at a 7.75% cap rate totaling $3,285,000
Exclusively Listed By
