Listed by The Boulder Group, Bang Realty
$3,150,000
Walgreens
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,558
Cap Rate 6.5%
NOI $204,750
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Expiration 02/28/2039
Remaining Term 12.7
Rent Bumps Yes
Lease Options Twelve 5-year
Price per SqFt $232
Year Built 2009
Acreage 1.310
Investment Type Net Lease
6.50% Cap Rate | Long-Term Lease | NNN
Investment highlights
Successful operating history spanning multiple decades
Long-term lease through February 2039
Absolute NNN lease – no landlord responsibilities
5% rental escalations every five years (next in 2029)
Located at a signalized intersection along US Highway 278 (14,000 VPD)
Amory’s primary retail corridor with neighbors Food Giant, Tractor Supply Company, Walmart Supercenter, McDonald’s, AutoZone, O’Reilly Auto Parts, Sherwin-Williams, Wendy’s, Burger King, Dollar General, and several others
Proximity to North Mississippi Medical Center, the only hospital within 12 miles
Average household income within ten miles exceeds $76,000
Listing Contacts
Listed by The Boulder Group, Bang Realty
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$204,750.00
$17,062.50/mo
Valuation Metrics
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DSCR
6.5%
Cap Rate
6.5%
ROI
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