Listed by Orion Real Estate Group
$3,342,857
Walgreens | Absolute NNN Lease | Long-Term Lease
Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 14,820
Cap Rate 6.65%
NOI $222,300
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 11/30/2038
Remaining Term 12.5
Rent Bumps Yes
Lease Options Twelve, 5-Year Options
Broker Co-Op Yes
Year Built 2009
Acreage 2.230
Tenant Credit Corporate Guarantee
Ownership Fee Simple
6.65% Cap | Corporate Walgreens with Rent Increases | Absolute NNN Lease
Investment highlights
Corporate Guaranteed Lease | Walgreens (NASDAQ: WBA)
Long Term Absolute NNN Lease
Approximately 13.2 Years Remaining
No Landlord Responsibilities
Rare Rental Increases in Initial Term and All Option Periods | 5% Every 5-Years
Prime Intersection of Can Run Road and Terry Road, with Combined Traffic Counts over 47,000
Drive-Thru Pharmacy
Excellent Accessibility with Multiple Access Points
Fee Simple Allowing for Depreciation
Listing Contacts
Listed by Orion Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$222,300.00
$18,525.00/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
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