Mountain West US

• Walgreens lease runs through July 31, 2028, with ten (5-year) renewal options and no landlord obligations.
• Co-tenancy with VillageMD signals Walgreens’ targeted investment in this location as part of its national healthcare expansion strategy.
• Average household income of $117,577 within a 1-mile radius and a population of over 94,000 within 5 miles.
• One of only two CHIPS Zones in the state, providing refundable tax credits for semiconductor-related businesses and reinforcing the area’s economic foundation.
• Surrounded by major employers including Seagate, AMD, Micron, and over 40 tech, aerospace, and hardware companies.

We are pleased to market for sale the Walgreens property  (the “Property”). The current lease term runs through July 31, 2028, with ten (5-Year) renewal options. Walgreens operates under a triple net lease, with the tenant responsible for all property expenses. The Property also includes a co-located Village Medical clinic, one of only three Walgreens locations in the state selected for VillageMD’s integrated primary care rollout in 2023.

The surrounding area supports strong demographics, with an average household income of $117,577 within a 1-mile radius and a population exceeding 94,000 within a 5-mile radius.

The Property is positioned within states' innovation and advanced manufacturing corridor, supported by key infrastructure investments and business incentives. In 2024, the city secured one of only two CHIPS Zone designations in state, unlocking refundable state tax credits for companies involved in semiconductor design and manufacturing. Existing fabrication and R&D operations by firms such as Seagate, AMD, and Micron already anchor the region’s advanced electronics cluster.

The cities economic development platform also highlights more than 40 IT, aerospace, robotics, and hardware companies active in the area, including Scythe Robotics, Intelliprop, and Seagate Technology. In addition to the CHIPS Zone, the city offers Enterprise Zones, and high-capacity municipal gigabit broadband infrastructure through its city-run NextLight network.