Listed by Stream Capital Partners
$3,414,000
Walgreens
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 12,689
Cap Rate 7.25%
NOI $247,350
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Rent Bumps Yes
Lease Options 12, Five-year
Price per SqFt $269
Year Built 2006
Acreage 2.270
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Retail | 7.25% CAP | 12,689 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.
High Income Market: Excellent Demographics with an Average Household Income over $100,000
Well Situated: Positioned near the signalized intersection of Crawfordville Hwy & Wakulla Arran Rd which has a combined traffic count of 20,000 VPD.
Strong Retail Trade Area: Located on the main throughfare of 319 (Crawfordville Hwy) within close proximity to other national tenants such as Publix, Tractor Supply, Winn Dixie, Ace Hardware and more.
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$247,350.00
$20,612.50/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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