Single-Tenant Absolute NNN
For Sale
Contact for pricing
705 North Burlington Avenue, 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 Market81
Property Features for 705 North Burlington Avenue
General Information
Standard status
Active
Size
13,348 SF
Total Parking Spaces
48
Property subtype
Retail
Zoning
C
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$175,500
Building Details
Year Built
1994
Tenancy
Single
Listing Agency:
Commercial Investment Advisors (CIA) Scottsdale
Listed By:
Justin Zahn · License #SA545840000
(480) 718-5555
Source:
Crexi
Added: Jun 16
Changed: Sep 4
Last Checked: Sep 1 at 11:59PM
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
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
Location Intelligence
Trade Area within ½ mile
664
Businesses Nearby
77k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Shops & Services 19%
Wendy's
Dining
13,043 visits/mo
0.2 miles
Taco John's
Dining
11,784 visits/mo
0.1 miles
SONIC Drive In
Dining
11,043 visits/mo
0.4 miles
Arby's
Dining
7,258 visits/mo
0.2 miles
Scooter's Coffee
Dining
6,066 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 North Burlington Avenue 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.
