Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
$3,536,000
Walgreens (Dollar Tree Sublease)
Details
APN 12L035 00 00000PCB
Property Type Retail
Sub Type Storefront
Square Footage 14,490
Cap Rate 9.5%
NOI $336,000
Tenancy Single
Brand/Tenant Walgreens, Dollar Tree
Lease Type NNN
Lease Term 5
Lease Expiration 04/30/2033
Remaining Term 6.8
Rent Bumps Yes
Lease Options 4 (5-Year)
Price per SqFt $244
Year Built 2003
Acreage 1.460
Zoning C-1
Parking Spaces 64 spaces
Parking per 1,000 SqFt 4.42
Investment Type Net Lease
Lease Commencement 05/01/2028
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 9.50% CAP | 14,490 SqFt
Investment highlights
- New, 5-Year Lease | Scheduled Rental Increases
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Signalized, Hard Corner Intersection | Hampton University (4,200+ Students) | Phoebus High School
- 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
$--
$--
Annual Cash Flow
$336,000.00
$28,000.00/mo
Valuation Metrics
0
DSCR
9.5%
Cap Rate
9.5%
ROI
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