Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach, SRS Louisville
$3,250,000
Walgreens (Dollar General Sublease)
Details
APN 21-07-27.-010P
Property Type Retail
Sub Type Storefront
Square Footage 14,487
Cap Rate 10%
NOI $325,000
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar General, Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 10/31/2029
Remaining Term 3.4
Year Built 2004
Acreage 1.610
Zoning B-3 General Business District
Parking Spaces 77 spaces
Parking Per SqFt 5.32
Investment Type Net Lease
Lease Commencement 11/01/2004
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 10.00% CAP | 14,487 SqFt
Investment highlights
3+ Years Remaining | Signalized, Hard Corner Intersection | Drive-Thru Equipped | Interstate 275
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Clermont Shopping Center | Rivers Edge At Milford
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach, SRS Louisville
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$325,000.00
$27,083.33/mo
Valuation Metrics
0
DSCR
10%
Cap Rate
10%
ROI
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