Walgreens Port Orchard, WA

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Property

Overview

This 14,820 square foot NN Walgreen’s is strategically located at the signalized intersection of two primary thoroughfares in the area. The intersection of Bethel Road and Lund Ave, in the areas dominant retail corridor, experiences traffic counts in excess of 33,500 vehicles per day. There are over 89,765 people living within a five mile radius of the property earning an average household income of over $68,250 per year.

The Walgreens features a drive-thru and has excellent visibility and signage. Walgreens has successfully operated at this location since 2000 and has more than 10 years remaining on their primary lease term with eight 5-year renewal option periods. Walgreens is committed to this location as evidenced by their recent lease extension. National retailers located in the area include Walmart Supercenter, Big Lots!, Safeway, O’Reilly Auto Parts, AutoZone, Sherwin-Williams, Starbucks, and Staples.

Walgreens is the largest drug retailing chain in the United States and has over 8,175 locations in the United States. Walgreens is publicly traded on the Nasdaq Stock Market (symbol: WBA) with a market capitalization in excess of $88 billion. Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.

Key Facts

  • Property

  • • Over 89,765 people within a 5-mile radius
  • • Signalized intersection with over 33,500 VPD
  • • 14,820 sf
  • • Drive-thru
  • • Long-term history at property (since 2000) with recent lease extension
  • • 10 years remaining on lease-term
  • Walgreen's

  • • Investment grade tenant (S&P BBB)
  • • Publicly traded on the Nasdaq (symbol: WBA)
  • • Market cap in excess of $88 Billion
  • • Growing retailer with pending deal to acquire 2,168 stores from Rite-Aid (RAD)

Address

3099 Bethel Rd, SE
Port Orchard, WA 98366

Location

Downloads

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Demographics

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Retailer Map

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Map

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Site Plan

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Demos

Overview

1 Mile 3 Mile 5 Mile
Population 8,067 41,446 92,070
Households 3,154 14,416 35,509
Average Household Income $66,362 $72,511 $72,416

Team

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Randy Blankstein

Investment Sales Broker
847.562.0003 Randy@bouldergroup.com

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