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    Single-Tenant Absolute NNN Pharmacy Title is generated by Realmo AI

    705 N Burlington Ave, Hastings, NE 68901

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    Absolute NNN pharmacy leased to Walgreens with long-term terms and scheduled 5% rental escalations.

    Type:RETAIL
    Property size:
    13,348 SF
    Price / SF:
    $210/SF
    Added:
    Jun 12, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 20 at 3:54 am

    Property Features for 705 N Burlington Ave

    General Information

    Standard status
    Active
    Size
    13,348 SF
    Property subtype
    RETAIL

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    Listing Contact
    Justin Zahn
    Justin Zahn

    Listing agent Justin Zahn

    Listing office Commercial Investment Advisors (CIA) - Corporate

    Listing date Jun 12, 2026

    Source Moodyscre

    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) - Corporate

    HighLights

    • Absolute NNN pharmacy leased to Walgreens with 12+ years remaining on the initial 15‑year lease term.
    • Lease includes scheduled 5% rental escalations every 5 years.
    • Tenant: Walgreen Co., a leading retail pharmacy company focused on pharmacy, access & care.
    • Walgreen Co. operated 8,043 locations as of February 2026.
    • Walgreen Co. was ranked in the top 65th percentile (2,302 of 6,714 stores) per Placer.ai (2026).
    • Only Walgreens pharmacy within a 22‑mile radius.

    Overview

    This property is an absolute NNN pharmacy investment anchored by a Walgreens store. The lease features 12+ years remaining on the initial 15-year absolute NNN term, with rare 5% rental escalations occurring every five years. The asset is sized at 13,348 square feet.

    Located at 705 N Burlington Ave in Hastings, Nebraska, the site is occupied by Walgreen Co. Walgreens is described as a leading retail pharmacy company focused on pharmacy, access, and care, operating 8,043 locations as of February 2026. The provided materials also indicate this Walgreens is the only Walgreens Pharmacy within a 22-mile radius.

    For buyers and tenants seeking a stabilized, single-tenant retail pharmacy with an absolute NNN structure, the lease terms are the primary consideration. The offering is tied to Walgreens’ long-term occupancy, and the scheduled 5% escalations every five years provide a defined rental growth mechanism within the lease period stated in the remarks.
    Location Intelligence

    Current Use by Public Records

    Coinhub Bitcoin ATM ... Atm Walgreens Pharmacy Pharmacy Redbox Cinema FedEx OnSite Postal Service Walgreens Cosmetic Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • American HomePatient — 235 S Burlington Ave suite h, Hastings, NE 68901
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    • 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

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    FAQs

    What type of property is this?
    Drug store - Absolute NNN pharmacy leased to Walgreens with long-term terms and scheduled 5% rental escalations.
    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 pharmacy leased to Walgreens with 12+ years remaining on the initial 15‑year lease term.; Lease includes scheduled 5% rental escalations every 5 years.; Tenant: Walgreen Co., a leading retail pharmacy company focused on pharmacy, access & care.
    (480) 718-5555 Call to check price and availability
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    Contact for Pricing
    Please call us for current price
    and status of this listing Justin Zahn
    Justin Zahn
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