Listed by Colliers - Tulsa, Oklahoma, Colliers
$4,950,000
Walgreens - Taos, NM - Absolute NNN - Long Term Lease
Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 16,224
Cap Rate 6.25%
NOI $309,396
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Remaining Term 14
Rent Bumps Yes
Price per SqFt $305
Broker Co-Op Yes
Year Built 2009
Acreage 2.100
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple
Sale Condition 1031 exchange
Primary Term Rent Increases - Taos, NM - Lack of Competition
Marketing description
Long-Term Lease Long-term fifteen (15) year lease with over thirteen (13) years remaining on the primary term
Absolute NNN Lease There are zero landlord obligations
Primary Term Rental Increases 5% rental increases every five (5) years
Taos, New Mexico Subject Property in the city of Taos, which is the economic hub of northern New Mexico
Lack of Competition Subject Property is the only national branded drug store in the city of Taos and the only Walgreens within a 40+ mile radius
Listing Contacts
Listed by Colliers - Tulsa, Oklahoma, Colliers
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$309,396.00
$25,783.00/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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