Listed by Orion Real Estate Group
$3,996,160
Walgreens | Absolute NNN Lease | Long-Term Lease
Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 12,488
Cap Rate 6.25%
NOI $249,760
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Term 15
Lease Expiration 02/28/2039
Remaining Term 13.9
Rent Bumps Yes
Lease Options Twelve, 5-Year Options
Price per SqFt $320
Acreage 0.900
Tenant Credit Corporate Guarantee
Lease Commencement 02/22/2024
Ownership Fee Simple
Corporate Walgreens with Rent Increases | 6.25% CAP
Investment highlights
Corporate Guaranteed Lease | Walgreens (NASDAQ: WBA)
Long Term Absolute NNN Lease
Approximately 13.9 Years Remaining
No Landlord Responsibilities
Rare Rental Increases in Initial Term and All Option Periods | 5% Every 5-Years
Signalized Intersection of Main Street and W Noble Ave, with Combined Traffic Counts over 30,500
Drive-Thru Pharmacy
Excellent Accessibility with Multiple Access Points
Fee Simple Allowing for Depreciation
Located in a No Income Tax State
Listing Contacts
Listed by Orion Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$249,760.00
$20,813.33/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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