Listed by Landmark Commercial Real Estate Services
$1,833,333
2710 Salem Ave
Details
APN R72-03711-0001
Property Type Retail
Sub Type Commercial
Square Footage 13,905
Cap Rate 9.00%
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Expiration 10/30/2059
Remaining Term 4
Year Built 1999
Acreage 1.710
Lease Commencement 10/07/1999
Low Rent Walgreens
Marketing description
For Sale
Investment highlights
- 2710 Salem Ave
- Tenant / guaranty : Walgreen co
- Lease type : NN
- Landlord responsibilities : roof & structure
- Tenant responsibilities : interior building repairs; taxes; insurance; HVAC
- Lease start date : 10/8/1999
- Lease expiration date : 10/31/2059
- Termination option date : 10/31/2029
- Termination right : yes - every five years beginning on 10/31/2029 (12 months notice)
- Lease term remaining : 4+ years
- Renewal options : NA
- ROFR : yes
- Percentage rent : if the sum of 2.0% of the gross sales (excluding food and prescriptions) plus 0.5% of the gross sales of food plus 0.5% of the gross sales of prescriptions exceeds the total fixed rent for a lease year, then tenant shall pay to landlord the amount of such excess as additional rent. In no event shall the percentage rent (if any) in any lease year exceed the amount of fixed rent payable in such lease year.
Listing Contacts
Listed by Landmark Commercial Real Estate Services
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