Investment Highlights
Price: $9,951,000 - Cap Rate: 5.15%
- Investment grade credit tenant - Walgreens Co. / S&P BBB
- Corporate guaranty / long-term 25-year absolute triple net (NNN) lease w/ 23 years remaining
- Rare 5-year options with 10% rental increase in option periods
- 24-Hour store w/ drive thru/testament to strength of location
- Signalized, hard corner, intersection (99,200 VPD) w/ bus stop
- High density / strong demographics supporting the store
Additional Tags:
CVS, NNN, Rite Aid, Single Tenant, drug store, Tax deferred exchange properties, pharmacy, off market triple net properties, 24-hour, real estate investment, Walgreens
No comments:
Post a Comment