Single-Tenant Absolute NNN
For Sale
Contact for pricing
705 N Burlington Ave, Hastings, NE 68901
Absolute NNN pharmacy leased to Walgreens with long-term terms and scheduled 5% rental escalations.
Property Size13,348 SF
Price / SF$210.37
Days on Market56
Property Features for 705 N Burlington Ave
General Information
Standard status
Active
Size
13,348 SF
Property subtype
RETAIL
Building Details
Tenancy
Single
Listing Agency:
Commercial Investment Advisors (CIA) - Corporate
(480) 718-5555
Listed By:
Justin Zahn
(480) 718-5555
Source:
Moodyscre
Added: Jun 12
Changed: Jul 10
Last Checked: Jul 21 at 6:54AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,151
Businesses Nearby
60k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 83%
Shops & Services 16%
Home Improvements & Furnishings 1%
Wendy's
Dining
13,043 visits/mo
0.3 miles
Arby's
Dining
7,258 visits/mo
0.3 miles
Scooter's Coffee
Dining
6,066 visits/mo
0.3 miles
Dunkin' Donuts
Dining
5,577 visits/mo
0.5 miles
Little Caesars Pizza
Dining
4,298 visits/mo
0.2 miles
Demographics for 68901, NE
26,269
Population
11,809
Households
2.2
Avg Household Size
37
Median Age
29%
College-Educated
91%
High-School Grad
150.2 sq mi
ZIP Area
175
Density / Sq Mi
$63,547
Median Household Income
$36,202
Median Earnings
$858
Median Rent
$181,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
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.
