Investment Highlights
Price: $10,250,000 - NOI: $492,000
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> Strong Absolute NNN Lease by Walgreens Co. (NYSE: WAG) -
Market Cap $60B
> Rare Los Angeles Location - High Barriers to Entry -
Over 408,223 People within 5 Miles
> Attractive Assumable Debt at 4.3% Rate, 30 Yr. Amortization,
Due 04/2023, High LTV
> Long-Term 75 Yr. Lease (Fee Simple) - 14 Yrs. Left on
Initial Term - Depreciable Asset
> Prominent Visibility & Signage - Dense Residential Location -
Proven Sales History
> Strategically Surrounded by 60/10/71 Freeways -
Signalized Hard Corner - Over 55,100 CPD
> Investment Grade Tenant; S&P Rated A-2/Moody’s Baa2-
Zero Management Duties
> Pride of Ownership - America’s #1 Retail Drugstore Chain -
“Coupon Clipper”
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