Listed by SRS Real Estate Partners Newport Beach
$7,547,000
Walgreens
Details
APN 1359380010001
Property Type Retail
Sub Type Pharmacy/Drug, Storefront
Square Footage 14,950
Cap Rate 8%
NOI $603,750
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 01/31/2035
Remaining Term 8.5
Rent Bumps Yes
Lease Options 12 (5-Year)
Year Built 2014
Acreage 1.540
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 02/01/2020
Ownership Fee Simple (Land & Building Ownership)
Retail | 8.00% CAP | 14,950 SqFt
Investment highlights
Over 9 Years Remaining | Corporate Signed | Scheduled Rental Increases
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
North Oaks Center (430,000 SF) | Willowbrook Mall (1,544,000 SF) |Champions Village Center (379,000 SF) | Primary Retail Corridor
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$603,750.00
$50,312.50/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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