10% CAP - NNN Walgreens - Strong Sales - 2% to Broker
10.00% CAP - True NNN Walgreens - Strong Sales
Marketing description
This is an excellent opportunity for an investor to acquire a freestanding NNN Walgreens in the historic city of Portsmouth, VA, just 15 miles from Norfolk International Airport. Walgreens has operated at this location since 2004, and structured this lease with the preferred 5-year option schedule.
The prototypical store, with drive-thru, is situated at the signalized corner of High Street W (Hwy 17) and Tyre Neck Rd. Neighboring retailers include: AutoZone, Starbucks, Aldi, Great Clips, Hardee’s and many more.
Store is VERY busy. Watch a drone flyover at this link: https://www.youtube.com/watch?v=pA9yLhxd9K0
Seller is offering to pay a 2% fee to buyer’s broker.
Investment highlights
Absolute Net Lease - zero landlord responsibilities
Nearby retailers include: AutoZone, Starbucks, Aldi, Great Clips, Hardee’s
Strong store sales
Preferred 5-year option structure
Freestanding building with drive- thru
15 miles from Norfolk
Full Walgreens corporate guaranty
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