Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
$1,625,000
Walgreens
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 11,363
Cap Rate 8%
NOI $130,000
Tenancy Single
Brand/Tenant Walgreens
Lease Type NN
Lease Term 30
Lease Expiration 06/14/2027
Remaining Term 1
Lease Options 6 (5-Year)
Year Built 1997
Year Renovated 2002
Acreage 0.990
Zoning CBD: Central Business District
Parking Spaces 50 spaces
Parking Per SqFt 4.40
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/14/1997
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 8.00% CAP | 11,363 SqFt
Investment highlights
- Corporate Guaranteed Lease | Options To Extend | Drive-Thru Equipped | Established Operator
- NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Signalized, Hard Corner | Excellent Frontage & Visibility | Located Near National/Credit Tenants
- Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$130,000.00
$10,833.33/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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