Walgreens for Sale in Avon Lake, OH
Avon Lake, OH
Key Investment Metrics
Price
$2,600,000
Cap Rate
8.6%
Net Operating Income
$224,595
Building Size
14990 SF
Land Area
2.16 Acres
Remaining Term
6.2 years
Lease Expiration
03/31/2032
Lease Term
31.0 years
Lease Commencement
04/11/2001
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
N/A
Tenancy
Single
Property overview
Walgreens in Avon Lake
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 14,990 SF
- Land area
- 2.16 acres
- Lease type
- Absolute NNN
- Lease expiration
- 03/31/2032
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.