Walgreens NNN
For Sale
Contact for pricing
1 Yorktown Plaza, Elkins Park, PA 19027
Fee-simple ownership combines the land and building with a corporate-backed triple-net lease structure.
Property SizeContact for details
Days on Market145
Property Features for 1 Yorktown Plaza
General Information
Standard status
Active
Property subtype
Retail, Office
Building Details
Tenancy
Single
Listing Agency:
Goodman Real Estate Services Group LLC
(216) 381-8200
Listed By:
Kyle Hartung · License #OH SAL.2003016343
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 5:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Goodman Real Estate Services Group LLC
Investment Insights
Based on property information with market context.
This fee-simple NNN property includes both the land and building occupied by Walgreens. The lease commenced in 2007 and provides a total term of 75 years, with no tenant termination option before 2033. Lease obligations are structured on a 100% triple-net basis, assigning maintenance and repair responsibilities—including the roof and structural components—to Walgreens.
The lease carries a corporate guaranty from Walgreen Co., which is rated BBB with a stable outlook by S&P. The asset also qualifies as a depreciable building asset and is presented as a hands-off ownership structure for investors, including potential 1031 exchange buyers.
The lease carries a corporate guaranty from Walgreen Co., which is rated BBB with a stable outlook by S&P. The asset also qualifies as a depreciable building asset and is presented as a hands-off ownership structure for investors, including potential 1031 exchange buyers.
Key Highlights
- Fee‑simple ownership includes both land and building
- 75‑year total lease term beginning in 2007
- 100% triple‑net lease structure
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
19k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 92%
Electronics 8%
Sunoco
Shops & Services
13,979 visits/mo
0.2 miles
Citizens Bank
Shops & Services
3,914 visits/mo
0.3 miles
T-Mobile
Electronics
1,497 visits/mo
0.0 miles
Demographics for 19027, PA
19,170
Population
8,550
Households
2.2
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
3.9 sq mi
ZIP Area
4,915
Density / Sq Mi
$105,190
Median Household Income
$52,970
Median Earnings
$1,439
Median Rent
$348,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Fee-simple ownership combines the land and building with a corporate-backed triple-net lease structure.
Where is this nnn property located?
The property is located at 1 Yorktown Plaza Elkins Park, PA.
What are key features of this property?
This property features: Fee‑simple ownership includes both land and building; 75‑year total lease term beginning in 2007; 100% triple‑net lease structure
