Listed by Highcap Group
$26,695,000
NY/NJ/PA Walgreens & CVS Portfolio
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 15,000
Cap Rate 6.60%
Occupancy 100%
Brand/Tenant Walgreens
Lease Term 9
Price per SqFt $1,780
Broker Co-Op Yes
Year Built 2007
Buildings 1
Investment Type Net Lease
NNN Retail with 6.4% CASH RETURN
Marketing description
CONTACT FOR OFFERING MEMO:
Josh at [email protected] or 646-546-5880
3 Property Net Lease Portfolio in NY, NJ, PA
2 Walgreens and 1 CVS (can be separated but owner prefers package sale)
All long term leases with low-rate assumable financing in place
NOI: $1,404,810 — All high traffic locations
Asking: $26.695 million with ONLY $9.195 million cash over mortgages
8.9% Cash on Cash Return Year 1, and 6.6% Cash on Cash Return Year 2
Investment highlights
Investment Grade 1031 Exchange Properties
Low Rate Assumable Financing
Asking; 5.6% Cash Return (7.6% year 1)
Listing Contacts
Listed by Highcap Group
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