$4,350,000
Walgreens Apple Valley, Ca. 7.45% Cap Lease buyout
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 15,120
Net Rentable (SqFt) 15,025
Units 1
Cap Rate 7.45%
NOI $324,000
Tenancy Vacant
Brand/Tenant Walgreens
Lease Type NNN
Lease Term 25
Lease Expiration 07/01/2029
Remaining Term 3
Rent Bumps No
Pro-Forma Cap Rate 7.45%
Pro-Forma NOI $324,000
Broker Co-Op Yes
Class A
Year Built 2004
Buildings 1
Stories 1
Lot Size (SqFt) 64,661
Parking Spaces spaces
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 09/01/2004
Occupancy Date 06/01/2026
Ground Lease No
Ownership fee
Sale Condition For sale by owner
NNN Leased Dark , paying rent to 7/2029 New Price
Marketing description
Walgreens Apple Valley Absolute NNN 7.45% Cap Rate
No Landlord responsibilities
$4,350,000
The building is DARK, lease continues to 7/2029 Walgreens paying NNN rent
Listing Expired Call Owner Direct 949-631-2465
Walgreens has proposed a Lease Buyout ********$850,000**********existing loan of Approx. $2,100,000 can be assumed 4.53%. 25/15 payable $16,273.80 per month. 5.7% Cash on Cash
.25% assumption fee
Down Payment: Approx: $2,250,000
Lot Size 64,661 Square Feet
Investment highlights
Cash Flow with existing loan: $128,724 5.7% Cash on Cash $2,250,000 Down Payment
Corner Location
Highway 18 frontage
Across from Major shopping center, City Hall
Walmart, Target, CVS, 99 Cent nearby
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$324,000.00
$27,000.00/mo
Valuation Metrics
0
DSCR
7.45%
Cap Rate
7.45%
ROI
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