Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
$3,543,000
Dark Walgreens
Details
APN 043-0000-003-10
Property Type Retail
Sub Type Storefront
Square Footage 14,579
Cap Rate 8.5%
NOI $301,125
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens, Popshelf
Lease Type Absolute NNN
Lease Term 22.2
Lease Expiration 01/31/2029
Remaining Term 2.5
Year Built 2006
Acreage 1.590
Zoning PD: Planned Development
Parking Spaces 49 spaces
Parking per 1,000 SqFt 3.36
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/08/2006
Ownership Fee Simple (Land & Building Ownership)
Retail | 8.50% CAP | 14,579 SqFt
Investment highlights
Signalized, Hard Corner Intersection | High Traffic Area | Easy Access To I-64 | Drive-Thru Equipped
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Kroger Plaza Shopping Center | 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
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$301,125.00
$25,093.75/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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Property History
Tax History
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