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#2 Walgreens in Entire State of Alaska 725 E Northern Lights Blvd

14,550 SF Retail Building Anchorage, AK 99503 £11,081,057 (£762/SF) 5.10% Net Initial Yield

Investment Highlights

  • Very Strong Store: $3.6M in Reported Sales
  • 62,071 Cars Per Day at Intersection
  • 8 Years of Interest Only Cash Flow Remain
  • Better Than Market 3.6% Rate on Interest Only Loan
  • Tax-Free State
  • Walgreens Corporate Credit Guarantees the Rent

Executive Summary

This prototypical freestanding Walgreens has been open and operating for 10+ years, and boasts extremely strong reported sales volumes … not surprising considering that Walgreens has the entire Anchorage market to themselves, as no national drugstores such as CVS/pharmacy or Rite Aid have operations in Alaska. This Walgreens store sits on a prime, high traffic intersection and is arguably one of the best corners in all of Alaska. This site also offers the rarely found combination of population density coupled with affluent demographics. Average household incomes here are in excess of $100,000. Alaska has no state income tax, an additional benefit to investors.

Attachments

Loopnet WAG - Anchorage, AK_OM
Loopnet WAG - Anchorage, AK_OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
B
Year Built
2010
Price
£11,081,057
Price Per SF
£762
Net Initial Yield
5.10%
NOI
£565,133
Tenancy
Single
Number of Floors
1
Building FAR
0.24
Land Acres
1.39 AC
Zoning
B3
Parking
54 Spaces (4.15 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Roof Lights
  • Drive Thru
  • Storage Space
  • Air Conditioning

Links

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725 E Northern Lights Blvd, Anchorage, AK - aerial map view - Image1
725 E Northern Lights Blvd, Anchorage, AK - aerial map view - Image2
725 E Northern Lights Blvd, Anchorage, AK - aerial map view - Image3
725 E Northern Lights Blvd, Anchorage, AK - aerial map view - Image4
Walk Score ®
Very Walkable (71)
Bike Score ®
Biker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Planet Fitness
Carrs
Village Inn
Global Credit Union
BurgerFi
Fred Meyer
Keybank
Outback Steakhouse
Central Market
Pure Barre

PROPERTY TAXES

Parcel Number 00901614000 Improvements Assessment £1,214,206
Land Assessment £1,518,657 Total Assessment £2,732,863

PROPERTY TAXES

Parcel Number
00901614000
Land Assessment
£1,518,657
Improvements Assessment
£1,214,206
Total Assessment
£2,732,863
(888) 434-9701

  • Listing ID: 29449193

  • Date on Market: 06/09/2023

  • Last Updated:

  • Address: 725 E Northern Lights Blvd, Anchorage, AK 99503

The Retail Property at 725 E Northern Lights Blvd, Anchorage, AK 99503 is currently available For Sale. Contact Deerfield Partners - The Drugstore Experts for more information.

Nearby Listings

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© 2024 CoStar Group

#2 Walgreens in Entire State of Alaska | 725 E Northern Lights Blvd
(888) 434-9701 x

#2 Walgreens in Entire State of Alaska | 725 E Northern Lights Blvd

Arthur Griffith

(888) 434-9701

(888) 434-9701

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