Listed by Stream Capital Partners
$2,850,000
Walgreens
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,447
Cap Rate 7.66%
NOI $218,250
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Rent Bumps Yes
Lease Options 12, Five-year
Price per SqFt $197
Year Built 2008
Acreage 1.310
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Retail | 7.66% CAP | 14,447 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.
COMPETITION: Walgreens is the only competition in town and the nearest drug store is over 11 miles away.
WELL SITUATED: Positioned near the signalized intersection of W Main St & S Jackson St which has a combined traffic count of ~25,000 VPD.
STRONG RETAIL TRADE AREA: Located on the main throughfare of Beulaville within close proximity to other national tenants such as McDonald’s, Pizza Hut, Hardee’s, AutoZone, and Advance Auto Parts.
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$218,250.00
$18,187.50/mo
Valuation Metrics
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DSCR
7.66%
Cap Rate
7.66%
ROI
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