1721 Parks Hwy Wasilla, AK 99654

This exceptional investment opportunity presents a 14,723-square-foot Walgreens located at 1721 E Parks Hwy, Wasilla, AK 99654. The property boasts a strong 5.70% cap rate and a substantial net operating income (NOI) of $580,000. Secured by a corporate guarantee from NASDAQ WBA, this absolute triple-net (NNN) lease ensures zero landlord responsibilities. The lease commenced on May 31, 2009, with a remaining term of 9.5 years and ten, five-year renewal options, extending to May 30, 2034. This top-performing Walgreens, the #1 store in Alaska (out of 11) according to Placer AI, benefits from a drive-thru, significantly boosting sales. Strategically positioned as an outparcel to a Target and Michaels-anchored shopping center, the property enjoys high visibility at a signalized intersection. The surrounding area features a robust mix of national and local retailers, including Fred Meyer, The Home Depot, Petco, Starbucks, and Raising Cane's. The 1.84-acre lot is the only Walgreens location within a 27-mile radius, further solidifying its market dominance. The asking price is $10,175,439, translating to $691.13 per square foot. This property offers a rare opportunity to acquire a high-performing, low-maintenance asset in a tax-free state with exceptional long-term growth potential.