Walgreens (Leasehold Interest)
Leasehold Interest Opportunity For Sale | 7.41% CAP
Investment highlights
Absolute NNN Leasehold Interest - Offering features an absolute triple net lease with zero landlord responsibilities. The tenant is responsible for all taxes, insurance, maintenance, repair, operating costs, and ground rent payments ($140,000/year) associated with the property.
Corporate Guarantee | Market Leader in the Category - Lease is corporately guaranteed by Walgreens, the second-largest pharmacy store chain in the United States (NASDAQ: WBA).
High Growth Submarket - “Top 5 Fastest Growing Community in Arizona for Population Growth - Casa Grande is consistently ranked as one of the fastest growing submarkets in the state of Arizona with a population growth rate that has exceeded 8% year-over-year. The growth rate is projected to continue as major companies continue to locate in the market as a hub for manufacturing and semi-conductor related jobs.
Job Growth in Casa Grande - 53.9% Projected Job Growth Over the Next Ten Years - Casa Grande and Pinal County has welcomed major companies like Lucid Motors, Kohler, Frito-Lay, Chang Chun, Attessa, LKQ, & Monsanto over the past several years to build critical warehouse and semiconductor facilities.
Tremendous Real Estate Fundamentals & Retail Synergy - Property is conveniently situated across from the Casa Grande’s sole Fry’s Marketplace store, a recently constructed 123,000 SF grocer. This Fry’s is ranked #3 in the State of Arizona and sees 1,690,510 visitors per year (Placer.ai).
Booming Rooftop Growth in Immediate Trade Area - Approximately 7,400 single-family, multi-family and build-for-rent units are either planned or under construction within a 5-mile radius of the subject site. That number includes nearly 1,500 residential units at the immediate intersection.
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