705 N Burlington Ave - Drug Store FOR SALE
Hastings, NE 68901 |
$2,808,000 USD
480-718-5555
705 N Burlington Ave
Hastings, NE 68901
HIGHLIGHTS
- LONG-TERM ABSOLUTE NNN LEASE: 12+ years remaining on initial 15-year Absolute NNN lease with RARE 5% rental escalations every 5 years!
- CORPORATE TENANT: Walgreen Co. is a leading retail pharmacy company focused on pharmacy, access & care and operating 8,043 locations as of Feb. 2026
- HIGH SALES VOLUME LOCATION: Currently ranked in the top 65th percentile (2,302 out of 6,714) of Walgreen’s stores in North America
- ONLY WALGREENS PHARMACY IN 22- MILE RADIUS!
- LARGE PARCEL | ADJACENT TO HOSPITAL: Well-positioned on a ±0.95-acre parcel at the signalized northwest corner of W 7th St & N Burlington Ave
- 2025 DEMOGRAPHICS: Total Population (5MI): 26,472 | Average Household Income (1MI): $90,169
FOR SALE DETAILS
PRICE
$2,808,000 USD
PRICE/SF
$208 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
WALGREENS (12 Yr ABSOLUTE NNN)– HASTINGS, NE
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1994
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.95 AC
LAND SF
41,517 SF
ZONING
C
APN/PARCEL ID
284-04312.20
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480-718-5555
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480-718-5555
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