Listed by Stream Capital Partners
$4,225,000
Walgreens
Details
Property Type Retail
Sub Type Convenience Store
Square Footage 14,490
Cap Rate 7.55%
NOI $318,780
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Rent Bumps Yes
Lease Options 12, Five-year
Price per SqFt $292
Year Built 2006
Acreage 1.320
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Retail | 7.55% CAP | 14,490 SqFt
Investment highlights
LONG TERM COMMITMENT: Absolute NNN lease.
INCREASES THROUGHOUT LEASE TERM: Lease calls for 5% rental increases every 5 years throughout the base term providing a hedge against inflation.
INVESTMENT GRADE CREDIT: Walgreens is S&P Rated BBB- providing long-term security.
HIGHLY POPULATED SUBMARKET: Located in a dense market with a population of over 126,000 within a 3-mile radius.
WELL SITUATED: Positioned near the exit of interstate 57 which has a traffic count of 102,000 VPD.
STRONG RETAIL TRADE AREA: Neighboring retailers include Planet Fitness, Aldi, Advanced Auto, McDonalds and many more.
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$318,780.00
$26,565.00/mo
Valuation Metrics
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DSCR
7.55%
Cap Rate
7.55%
ROI
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