Listed by Orion Real Estate Group
$5,456,250
Walgreens | Absolute NNN Lease | Long-Term Lease
Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 15,035
Cap Rate 6.00%
NOI $327,375
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Term 15
Lease Expiration 02/28/2039
Remaining Term 12.7
Rent Bumps Yes
Lease Options Twelve, 5-Year Options
Price per SqFt $363
Year Built 2011
Acreage 1.600
Tenant Credit Corporate Guarantee
Lease Commencement 02/22/2024
Ownership Fee Simple
CORPORATE WALGREENS WITH RENT INCREASES
Investment highlights
Corporate Guaranteed Lease | Walgreens (NASDAQ: WBA)
Long Term Absolute NNN Lease
Approximately 13 Years Remaining
No Landlord Responsibilities
Rare Rental Increases in Initial Term and All Option Periods | 5% Every 5-Years
Strategically Located at Signalized Intersection
Drive-Thru Pharmacy
Fee Simple Allowing for Depreciation
Located in a No Income Tax State
Listing Contacts
Listed by Orion Real Estate Group
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$327,375.00
$27,281.25/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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