Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
$1,592,000
Walgreens
Details
APN 243889 189.-1-49.1 and 243801 189.17-2-8
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 11,094
Cap Rate 9.5%
NOI $151,241
Tenancy Single
Brand/Tenant Walgreens
Lease Type NNN
Lease Term 31.1
Lease Expiration 12/31/2028
Remaining Term 2.5
Lease Options 5 (5-Year), 1 (3-year)
Year Built 1997
Acreage 1.440
Zoning Commercial
Parking Spaces 55 spaces
Parking per 1,000 SqFt 4.96
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/02/1997
Ownership Fee Simple (Land & Building Ownership)
Retail | 9.50% CAP | 11,094 SqFt
Investment highlights
Corporate Guaranteed Lease | Options To Extend | Drive-Thru Equipped | Established Operator
NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
Interstate 390 | 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
$151,241.00
$12,603.42/mo
Valuation Metrics
0
DSCR
9.5%
Cap Rate
9.5%
ROI
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