Listed by Brait Capital, The Kase Group
$6,933,333
Walgreens
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 12,544
Cap Rate 9%
NOI $624,000
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25.1
Lease Expiration 10/30/2035
Remaining Term 9.4
Lease Options Fifty, 1-Year Options
Price per SqFt $553
Tenant Credit Corporate Guarantee
Lease Commencement 09/30/2010
Absolute NNN Leased Walgreens | 9% CAP | 9+ Yrs Remain on Lease | Situated Near Major Retailers
Marketing description
The Kase Group is pleased to present the opportunity to purchase a well established Walgreens location in Minnetonka, Minnesota. The lease calls for zero landlord obligations with 9+ years remaining and is corporately guaranteed by Walgreens. This Walgreens includes a drive through and is situated on a hard corner with excellent ingress and egress points. The asset is well situated near Target, Planet Fitness, Dairy Queen, Cub Grocery Store and many others.
Investment highlights
Absolute NNN Lease
Zero Landlord Obligations
Corporate Guarantee
Hard Corner Location with Excellent Ingress & Egress Points
Situated Near Major Retailers
Listing Contacts
Listed by Brait Capital, The Kase Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$624,000.00
$52,000.00/mo
Valuation Metrics
0
DSCR
9%
Cap Rate
9%
ROI
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