Listed by Landmark Commercial Real Estate Services
$3,523,529
Walgreens
Details
Property Type Retail
Sub Type Pharmacy/Drug, Storefront
Square Footage 14,588
Cap Rate 8.50%
NOI $299,500
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 06/30/2033
Remaining Term 8
Year Built 2008
Buildings 1
Stories 1
Zoning C-1 General Commercial
Lease Commencement 06/28/2008
High Cap Walgreens - Long Term Lease
Investment highlights
Absolute Net Lease - Zero Landlord Responsibilities
Well Positioned Site – Hard corner location with access from both Lexington Road & Barron Road (combined 20,000 CPD)
Limited Competition - Only Walgreens within a 12-mile radius
Long Term Operating History - Walgreens has successfully operated at this location for nearly 17 years, demonstrating long-term stability and commitment to the site
Listing Contacts
Listed by Landmark Commercial Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$299,500.00
$24,958.33/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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Tax History
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