The 10,908 square foot Walgreens benefits from its hard corner location along Brewerton Road (27,710 VPD) which is a primary north-south thoroughfare and is immediately off of Interstate 81 (92,350 VPD) next to Syracuse Hancock International Airport. The property is positioned near other retailers including Target, Walmart Supercenter, Wegmans, Home Depot, Price Chopper, Lowe’s and ALDI. There are over 200,000 people living within five miles of the property.
The Walgreens lease expires April 27, 2028 and features four 5-year renewal option periods. The Walgreen Company is the largest drug retailing chain in the United States. The company is publicly traded on the NASDAQ (Symbol: WBA) with a market capitalization in excess of $67 billion. Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.