Single Tenant Business for sale in Hastings, NE

Walgreens has 12+ years remaining on initial 15-year Absolute NNN lease with RARE 5% rental escalations every 5 years! The Tenant, Walgreen Co. is a leading retail pharmacy company focused on pharmacy, access & care and operating 8,043 locations as of February 2026. It is Currently ranked in the top 65th percentile (2,302 out of 6,714) of Walgreen’s stores in North America (2026 per Placer.ai)! ONLY WALGREENS PHARMACY IN 22- MILE RADIUS!

The Asset is Well-positioned on a ±0.95-acre parcel at the signalized northwest corner of W 7th St & N Burlington Ave – offering excellent visibility/access with traffic counts of 25,225 CPD! Blocks away from the only hospital serving a 20-mile radius! Walgreens is Across the street from Russ’s Market – major retailers in Hastings include Walmart, Menards, Bomgaars, Tractor Supply, Big G Ace Hardware, Dollar General, Dollar Tree, Family Dollar, O’Reilly Auto Parts, and NAPA Auto Parts. It is 1.5 miles from Hastings College – a private liberal arts institution with approximately 959 students offering 40+ majors and pre-professional programs; 4.5 miles from Central Community College Hastings – enrolls about 1,400 students and offers 28 career education programs along with coursework in 17 academic areas for students completing their first two years before transferring to four-year colleges and universities to finish their bachelor’s degrees; Less than 1/2 a mile from Mary Lanning Healthcare – a non-profit organization licensed for 183 beds, serving as a major medical center for central Nebraska, offering a range of acute care services and employing nearly 1,000 staff.

Property Highlights LONG-TERM LEASE ABSOLUTE NNN LEASE: 12+ years remaining on initial 15-year Absolute NNN lease with RARE 5% rental escalations every 5 years!
CORPORATE TENANT Walgreen Co. is a leading retail pharmacy company focused on pharmacy, access & care and operating 8,043 locations as of February 2026
HIGH SALES VOLUME LOCATION: Currently ranked in the top 65th percentile (2,302 out of 6,714) of Walgreen’s stores in North America (2026 per Placer.ai)! ONLY WALGREENS PHARMACY IN 22- MILE RADIUS!

LARGE PARCEL | ADJACENT TO HOSPITAL: Well-positioned on a ±0.95-acre parcel at the signalized northwest corner of W 7th St & N Burlington Ave – offering excellent visibility/access with traffic counts of 25,225 CPD! Blocks away from the only hospital serving a 20-mile radius!
2025 DEMOGRAPHICS: Total Population (5MI): 26,472 | Average Household Income (1MI): $90,169
LOW UNEMPLOYMENT RATE: According to Bureau of Labor Statistics, Nebraska reported a 3.0% unemployment rate, ranking #5 lowest in the nation, compared to the 4.4% national average

Year built: 1994
CAP rate: 6.25%
Tenant: WALGREEN CO
Lease type: Absolute NNN
Lease expiration: 11/30/2038
Details: 5% every 5 Years

Building size: 13348 sq ft