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44001 Sterling Highway - Walgreens, Soldotna, AK

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44001 Sterling Highway - Walgreens

Soldotna, AK 99669-8030

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:2015
Building Size:17,250 SF Land Area:.86 AC (37,462 SF)
For Sale Price:$11,043,000 Price/SF:$640.17
Cap Rate:5.75 %
Parking:51 Surface spaces are available; Ratio of 2.95/1,000 SF

Sale Notes:
The subject property is strategically located at the junction of the Sterling Highway/Alaska Route 1 (22,505 AADT) and the Kenai Spur Highway (14,734 AADT), a well-travelled thoroughfare and local landmark dubbed the Soldotna Y. This junction, which connects Soldotna to the rest of the Kenai Peninsula as well as major cities including Anchorage and Homer has allowed Soldotna to develop into a retail and service hub for the Central Peninsula and beyond. The area also benefits from strong demographics in a five mile radius: average household income in the area is $87,231, and median home value is $236,453.

Preserve West Capital
Mike Maffia
(415) 373-4060

Putnam Daily
(415) 445-5107

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