Monday, January 5, 2015

AVAILABLE: 24-Hr Walgreens | Absolute NNN w/23 Yrs Remaining | 90K VPD Intersection | Tucson, AZ

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