Single-Tenant Walgreens
For Sale
Contact for pricing
12405 Brandon St, Anchorage, AK 99515
New 15-year absolute net lease Walgreens with scheduled 5% rent increases every five years.
Property SizeContact for details
Days on Market122
Property Features for 12405 Brandon St
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
29,900 vehicles/day
Highway Access
Yes
Road Access
Yes
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 23 at 3:35PM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
This Walgreens property is offered for sale as a single-tenant investment with a new 15-year absolute net lease, including no landlord responsibilities. The lease provides for 5% rental increases every five years during the initial term and each of the 12 five-year options.
Located in southern Anchorage, the property sits on the Huffman Road off-ramp one block from AK-1 (Seward Highway), reported at 29,900 vehicles per day. The site is across the street from the Huffman Shopping Center, an 88,000-square-foot center anchored by Carrs Grocer. Walgreens reports front-end sales volumes that place the store in the top 10% by front-end reported sales.
Competition in the area is limited, with seven Walgreens stores in Anchorage and the closest competing Walgreens approximately 2.3 miles northeast, along with the closest competing freestanding CVS approximately 13.3 miles northeast.
Located in southern Anchorage, the property sits on the Huffman Road off-ramp one block from AK-1 (Seward Highway), reported at 29,900 vehicles per day. The site is across the street from the Huffman Shopping Center, an 88,000-square-foot center anchored by Carrs Grocer. Walgreens reports front-end sales volumes that place the store in the top 10% by front-end reported sales.
Competition in the area is limited, with seven Walgreens stores in Anchorage and the closest competing Walgreens approximately 2.3 miles northeast, along with the closest competing freestanding CVS approximately 13.3 miles northeast.
Key Highlights
- Walgreens property at 12405 Brandon Street in Anchorage, Alaska.
- New 15‑year absolute net lease with no landlord responsibilities.
- Lease includes 5% rental increases every 5 years during the initial 15‑year term and each of the 12 (5‑year) options.
Property Analytics
Property Profile
Current Use
Lease Details
29,900 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Demographics for 99515, AK
22,532
Population
8,137
Households
2.8
Avg Household Size
37
Median Age
41%
College-Educated
95%
High-School Grad
10.6 sq mi
ZIP Area
2,126
Density / Sq Mi
$112,445
Median Household Income
$55,657
Median Earnings
$1,716
Median Rent
$400,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drug store - New 15-year absolute net lease Walgreens with scheduled 5% rent increases every five years.
Where is this drug store located?
The property is located at 12405 Brandon St Anchorage, AK.
What are key features of this property?
This property features: Walgreens property at 12405 Brandon Street in Anchorage, Alaska.; New 15‑year absolute net lease with no landlord responsibilities.; Lease includes 5% rental increases every 5 years during the initial 15‑year term and each of the 12 (5‑year) options.
