Listed by Stream Capital Partners
$3,866,667
Walgreens
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,740
Cap Rate 7.5%
NOI $290,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 05/31/2037
Remaining Term 11
Rent Bumps Yes
Lease Options 2, 5-year and 40, 1-year
Year Built 2007
Acreage 1.490
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Retail | 7.50% CAP | 14,740 SF
Investment highlights
Long Term Commitment: Walgreens executed a brand new 12 Year lease in 2025
Increases Throughout Lease Term: Lease calls for 5% rental increases every 5 years throughout the base term providing a hedge against inflation.
Strategically located retail corner: Positioned on the corner of West State St. and Wayne Madison Rd. with a curb cut, which averages 15,000 VPD.
Passive Investment Wit Long-term Stability: Long term Absolute NNN Lease with Zero Landlord responsibilities.
Affluent Local Consumer Base: Average household income within 3 mile is $95,000.
Retail Corridor: Walgreens is next to a middle school as well as several other national retail tenants such as Taco Bell, McDonalds, and a Dollar General.
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
$290,000.00
$24,166.67/mo
Valuation Metrics
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DSCR
7.5%
Cap Rate
7.5%
ROI
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