Strong Stores Sales (Inquire with Broker) | Walgreens’ reported sales at this location are significantly above the national average and point to exceptional profitability when compared to Tenant’s annual base rent, pointing to a high renewal probability.
Close Proximity to “The Heartwood Preserve” Development | Property is +/- 2 miles from the $1.2 billion, 500-acre planned development that will include 2,000 new homes, a retail center, 2.3M SF of commercial space anchored by Berkshire Hathaway’s Applied Underwriters Inc., which will serve as its Omaha headquarters with up to 2,000 employees beginning in 2024.
Excellent Access & Visibility | Hard corner location at South 132nd Street (+/- 25,734 VPD) and West Center Road (+/- 45,431 VPD). The intersection was listed as the 10th busiest intersection in Omaha according to a “ketv.com” article last updated in February of 2018.
ABS NNN Lease | Walgreens build-to-suit with 5+ years remaining in the 25-year primary term of their Absolute NNN lease with renewal options extending through 2078. Landlord’s only responsibility is to write the CAM check to the center owner that is reimbursed by Tenant, making the rent 100% net to ownership.
Investment-Grade Credit | Walgreens (NASDAQ: WBA | S&P: BBB/Stable) reported $132.7 billion in revenue for FY’ 2022.
Positioned in Robust Retail Corridor | Outparcel to the “Montclair on Center” with a mere 2.3% vacancy. Adjacent national retailers include HyVee – Wall to Wall, HomeGoods, Marshalls, ALDI, JOANN, At Home, Chipotle, and Chase Bank to name a few.
Strong Placer.ai Rankings | According to Placer.ai, this Walgreens is the #4 most actively trafficked Walgreens in Omaha MSA, 7th in Walgreens located in Nebraska, and in the 82nd percentile nationwide.