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12051 Old Glenn Highway - Walgreens, Eagle River, AK

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12051 Old Glenn Highway - Walgreens

Eagle River, AK 99577-7736 - Ft Rich/Birchwood-90 Submarket

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:2013
Building Size:14,820 SF Land Area:1.41 AC (61,620 SF)
For Sale Price:$11,207,000 Price/SF:$756.21
Cap Rate:5.30 %
Parking:35 Surface spaces are available; Ratio of 3.61/1,000 SF
Features:Signage, Drive Thru

Sale Notes:
This prototypical freestanding Walgreens was constructed just three years ago, but already boasts strong reported sales volumes...not surprising, considering this is the only national drugstore in the Eagle River market. In fact, none of Walgreens' national drugstore competitors such as CVS/pharmacy or Rite Aid have operations in Alaska. This Walgreens store sits on a prime, high traffic intersection on a hard corner of Old Glenn Highway (18,848 cars per day) and Eagle River Loop Road (12,476 cars per day). Average household incomes here are in excess of $100,000. Alaska has no state income tax, an additional benefit to some investors.

Deerfield Partners
Arthur Griffith
(415) 685-3035

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