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1721 East Parks Highway Wasilla, AK 99654

Sponsored
For Sale
$10,175,439

NNN Leased Walgreens in High-Growth Market

Property size:
14,723 SF

Description

Added:
Jan 24, 2025
Days on Market:
348
This exceptional investment opportunity presents a chance to acquire a 14,723 square foot Walgreens located at 1721 East Parks Highway, Wasilla, AK 99654. The property boasts an absolute triple-net (NNN) lease, eliminating all landlord responsibilities. This high-performing store features a drive-thru, significantly contributing to its strong sales revenue. Strategically positioned as an outparcel to a Target and Michael's anchored shopping center, the property benefits from a prime location at a signalized hard corner intersection. The surrounding area is anchored by a robust mix of national and local retailers, including The Home Depot, Starbucks, and Raising Cane's, ensuring high visibility and consistent traffic. Situated on a 1.84-acre lot, this Walgreens is the only one within a 27-mile radius, further solidifying its market dominance. Wasilla, the fourth-largest city in Alaska, is experiencing significant growth, making this a particularly attractive investment. The property's performance is exceptional, ranking as the #1 Walgreens store in Alaska (out of 11) according to Placer AI, guaranteeing a stable income stream and placing it in the top 2% of all Walgreens stores nationwide. The asking price is $10,175,439, offering a compelling return on investment in a tax-free state. This is a rare opportunity to acquire a premier, high-performing retail asset in a thriving Alaskan market.

Property Features for 1721 East Parks Highway

General Information

Property type
Other retail properties
Square Feet
14,723 SF
Price / Square Foot
$691
Elevators
N/A
Lot Size
80,150 SF
Net Operating Income
$580,000

Building Details

Buildings
1
Stories
1
Units
1

HighLights

  • NNN leased Walgreens in Wasilla, AK, with zero landlord obligations.
  • High‑performing store with drive‑thru, located in a strong retail area near Target and Michael's.
  • Located on a signalized corner, surrounded by national retailers and boasting top sales in Alaska.
Location Intelligence

Current Use by Public Records

Labcorp at Walgreens Medical Laboratory Walgreens Photo Passport Photo Processor Walgreens Drug Store Walgreens Pharmacy Pharmacy Western Union Money Transfer Service

Map

City
Wasilla
State
Alaska
Longitude
-149.407287
Latitude
61.577429

FAQs

What type of property is this?
Other retail property - NNN Leased Walgreens in High-Growth Market
Where is this other retail property located?
The property is located at 1721 East Parks Highway Wasilla, AK.
What is the asking price?
The asking price for this property is $10,175,439.
What are key features of this property?
This property features: NNN leased Walgreens in Wasilla, AK, with zero landlord obligations.; High-performing store with drive-thru, located in a strong retail area near Target and Michael's.; Located on a signalized corner, surrounded by national retailers and boasting top sales in Alaska.
More about this property
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