Walgreens on Dimond
2197 Dimond Blvd, Anchorage, AK 99515
Anchorage Walgreens with absolute net lease and drive-thru.
Type:Retail
Property size:
13,791 SFPrice / SF:
$427/SF- Added:
- Feb 24, 2026
- Days on Market:
- 77
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 2197 Dimond Blvd
General Information
- Standard status
- Active
- Size
- 13,791 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2009
Listing agent Arthur Griffith License #CA 01876378
Listing office RX Syndicate
Listing date Feb 24, 2026
Source Crexi
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 RX Syndicate
HighLights
- Absolute Net Lease with Walgreens: Enjoy zero landlord responsibilities with over eight years remaining until the next option period.
- Strategic Location: High‑traffic location on W Dimond Blvd, a primary retail arterial in Anchorage, ensuring excellent visibility and access.
- Stable, Necessity‑Based Trade Area: Surrounded by grocery, big‑box, and service retailers, providing a consistent customer base.
- Drive‑Thru Pharmacy: On‑site pharmacy with drive‑thru access attracts consistent repeat visitation.
- Limited Retail Development: Anchorage's geographic barriers and limited new retail development support long‑term durability.
- Built in 2009: Relatively new construction reduces potential maintenance costs.
Overview
The Walgreens property is strategically located along West Dimond Boulevard, a primary retail corridor serving residential neighborhoods and commercial areas in South Anchorage. The location benefits from high daily traffic, excellent visibility, and convenient access, making it a functional neighborhood retail site. The property is leased to Walgreens under an absolute net lease with no landlord responsibilities. The on-site pharmacy, accessible via a drive-thru, attracts repeat customers and reinforces the property's role as a community service location. Surrounded by grocery stores, big-box retailers, and service-oriented businesses, the store benefits from a stable trade area. Limited new retail development and geographic barriers in Anchorage support the long-term durability of this pharmacy investment. The property offers an opportunity to acquire a corner location with Walgreens as a tenant and strong real estate fundamentals. The property size is 13791 square feet. It is an ideal 1031 exchange property for investors seeking a passive, no-management asset with a long-term, absolute net lease.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Walgreens
Cosmetic Store
Walgreens Pharmacy
Pharmacy
Redbox
Cinema
Eric S. Youngblood, ...
Pharmacy
Dara K. Dayani, ...
Pharmacy
Map
- City
- Anchorage
- County
- Anchorage
- State
- Alaska
- Longitude
- -149.9196374
- Latitude
- 61.1376764
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FAQs
What type of property is this?
Drug store - Anchorage Walgreens with absolute net lease and drive-thru.
Where is this drug store located?
The property is located at 2197 Dimond Blvd Anchorage, AK.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: Absolute Net Lease with Walgreens: Enjoy zero landlord responsibilities with over eight years remaining until the next option period.; Strategic Location: High‑traffic location on W Dimond Blvd, a primary retail arterial in Anchorage, ensuring excellent visibility and access.; Stable, Necessity‑Based Trade Area: Surrounded by grocery, big‑box, and service retailers, providing a consistent customer base.
