Walgreens at Adams Ridge
State Road 228, Mars, Pennsylvania 16046
Sold: $5,985,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
14,820 sqft
Land Size
1.85 acres
Zoning
-
Year Built
2007
Property Description
New, highly visible Walgreens opened in November 2007 on a primary arterial road in Butler County, Pennsylvania--within the prestigious Adams/Treesdale/Seven Fields submarket. Store is 14,820 sf located on 1.85 acres. This is a triple net lease with the advantage of renewals after the 25th lease year on a 5 versus 1 year basis. Walgreen's S & P rating is A+. The store was developed by one of the nation's leading Walgreen developers--Paradise Development Group with offices in six cities within the east and southeast, including Pittsburgh. Net annual rent is $380,000.
