Listed by HMX Realty Advisors
$9,150,000
Walgreens
Details
Property Type Retail
Sub Type Grocery Store, Pharmacy/Drug
Square Footage 14,550
Cap Rate 6.32%
NOI $578,609
Tenancy Single
Brand/Tenant Dollar General, Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 11/30/2036
Remaining Term 10.4
Rent Bumps Yes
Lease Options yes
Price per SqFt $629
Broker Co-Op Yes
Acreage 1.700
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/01/2011
Retail | 6.32% CAP | 14,550 SF
Investment highlights
Walgreens | NYSE: WBA | S&P Investment Grade Credit
Long term, absolute triple net lease
Rent increases in base term and options
Very busy location near two signalized intersection and between 3 supermarkets
Approx. 600 feet from three supermarket’s: Shop Rite, Hannaford & Price Chopper
Strong demographics – average household income in 3-miles: $114k+
2023: 5-mile consumer spending was $927 million+
Affluent Orange County / Hudson Valley location
Listing Contacts
Listed by HMX Realty Advisors
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$578,609.00
$48,217.42/mo
Valuation Metrics
0
DSCR
6.32%
Cap Rate
6.32%
ROI
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