Walgreens
Retail | 6.25% CAP | 14,734 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Walgreens located at 571 Nashua Street, Milford, NH 03055. The site consists of roughly 14,734 rentable square feet of building space on an estimated 2.09-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 2/22/2024. The current annual rent is $296,400 and has scheduled increases of 5.00% every 5 years.
Investment highlights
Long-Term NNN Lease | The property is subject to a 15-year Triple Net (NNN) lease that commenced in February 2024, providing investors with a stable, passive income stream and ZERO landlord responsibilities.
Scheduled Rental Increases | The lease structure includes 5% rent escalations every 5 years, offering built-in income growth and an effective hedge against inflation.
Strong National Tenant | Walgreens is one of the largest pharmacy retail chains in the U.S., operating nearly 9,000 locations nationwide, ensuring creditworthy tenancy and reliable performance.
Attractive Rent and Building Size | The asset generates an annual rent of $296,400 across approximately 14,734 square feet, supported by a sizable 2.09-acre parcel, providing long-term value and site stability.
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