Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Chicago
$7,553,000
Walgreens
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,820
Cap Rate 8.01%
NOI $605,196
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 08/31/2037
Remaining Term 11.1
Lease Options 10 (5-Year)
Price per SqFt $510
Year Built 2012
Acreage 1.660
Zoning RIC
Parking Spaces 58 spaces
Parking per 1,000 SqFt 3.91
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/2012
Ownership Fee Simple (Land & Building)
Retail | 8.01% CAP | 14,820 SqFt
Investment highlights
11 Years Remaining | Options To Extend | Drive-Thru Equipped Attractive Assumable Financing
Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
Quincy University (1,300+ Students) | Retail Corridor | Signalized, Hard Corner Location | Blessing Hospital (347 Beds)
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Chicago
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$605,196.00
$50,433.00/mo
Valuation Metrics
0
DSCR
8.01%
Cap Rate
8.01%
ROI
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