ANCHORAGE, AK WALGREENS

• Very Strong Store: $3.6M in Reported Sales
• Tax-Free State
• 62,071 Cars Per Day at Intersection
• Better Than Market 3.6% Rate on Interest Only Loan
• 8 Years of Interest Only Cash Flow Remain
• Walgreens Corporate Credit Guarantees the Rent

This prototypical freestanding Walgreens has been open and operating for 10+ years, and boasts extremely strong reported sales volumes … not surprising considering that Walgreens has the entire Anchorage market to themselves, as no national drugstores such as CVS/pharmacy or Rite Aid have operations in Alaska. This Walgreens store sits on a prime, high traffic intersection and is arguably one of the best corners in all of Alaska. This site also offers the rarely found combination of population density coupled with affluent demographics. Average household incomes here are in excess of $100,000. Alaska has no state income tax, an additional benefit to investors.

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