Walgreens NNN Lease Investment
705 N Burlington Ave, Hastings, NE 68901
Absolute NNN lease with rental escalations and strong store ranking.
Type:Retail
Property size:
13,348 SFLot size:
0.95 AcresPrice / SF:
$210/SF- Added:
- Mar 12, 2026
- Days on Market:
- 62
- Last Refresh:
- Mar 19 at 11:07 pm
Property Features for 705 N Burlington Ave
General Information
- Standard status
- Active
- Size
- 13,348 SF
- Lot size
- 0.95 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1994
Listing agent Justin Zahn License #SA545840000
Listing office Commercial Investment Advisors (CIA) Scottsdale
Listing date Mar 12, 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 Commercial Investment Advisors (CIA) Scottsdale
HighLights
- Absolute NNN lease with 12+ years remaining and rare 5% rental escalations every 5 years.
- Ranked in the top 65th percentile of Walgreens stores in North America (2026 per Placer.ai).
- Only Walgreens pharmacy in a 22‑mile radius.
- Well‑positioned on a ±0.95‑acre parcel at a signalized corner with high traffic counts (25,225 CPD).
- Located blocks away from the only hospital serving a 20‑mile radius.
- Across the street from Russ’s Market and near other major retailers, Hastings College, and Central Community College Hastings.
Overview
This property is leased to Walgreens, a retail pharmacy company with 8,043 locations as of February 2026. The property has 12+ years remaining on an initial 15-year Absolute NNN lease, featuring 5% rental escalations every 5 years. The Walgreens store is ranked in the top 65th percentile (2,302 out of 6,714) of Walgreens stores in North America (2026 per Placer.ai). Notably, it is the only Walgreens pharmacy within a 22-mile radius. The property is positioned on a 10.95-acre parcel at the signalized northwest corner of W 7th St & N Burlington Ave, providing visibility and access with traffic counts of 25,225 CPD. It is located blocks away from the only hospital serving a 20-mile radius and across the street from Russ’s Market. Other major retailers in Hastings include Walmart, Menards, Bomgaars, Tractor Supply, Big G Ace Hardware, Dollar General, Dollar Tree, Family Dollar, O’Reilly Auto Parts, and NAPA Auto Parts. The property is 1.5 miles from Hastings College, a private liberal arts institution with approximately 959 students, and 4.5 miles from Central Community College Hastings, which enrolls about 1,400 students. Additionally, it is less than 0.5 miles from Mary Lanning Healthcare, a non-profit organization licensed for 183 beds.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Coinhub Bitcoin ATM ...
Atm
Walgreens Pharmacy
Pharmacy
Redbox
Cinema
FedEx OnSite
Postal Service
Walgreens
Cosmetic Store
Similar Places Nearby
- American HomePatient — 235 S Burlington Ave suite h, Hastings, NE 68901
- Joslyn Uden — 705 N Burlington Ave, Hastings, NE 68901
- Dennis Mchale — 705 N Burlington Ave, Hastings, NE 689014419
- Louis Stoeger — 705 N Burlington Ave, Hastings, NE 689014419
- Reflect Light Company — 300 N Kansas Ave Unit 804, Hastings, NE 68902
Location Insight
- Map
- Local Demand
- City
- Hastings
- County
- Adams
- State
- Nebraska
- Longitude
- -98.392095
- Latitude
- 40.576285
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Absolute NNN lease with rental escalations and strong store ranking.
Where is this drug store located?
The property is located at 705 N Burlington Ave Hastings, NE.
What is the asking price?
The asking price for this property is $2,808,000.
What are key features of this property?
This property features: Absolute NNN lease with 12+ years remaining and rare 5% rental escalations every 5 years.; Ranked in the top 65th percentile of Walgreens stores in North America (2026 per Placer.ai).; Only Walgreens pharmacy in a 22‑mile radius.
