Walgreens - Net Lease Property for Sale
Bessemer, AL
Key Investment Metrics
Price
$3,200,000
Cap Rate
10.0%
Net Operating Income
$320,000
Building Size
15120 SF
Lot Size
15,120 SF
Land Area
2.39 Acres
Remaining Term
34.5 years
Lease Expiration
12/31/2060
Lease Term
60.1 years
Lease Commencement
12/09/2000
Lease Type
NN
Year Built
2001
Occupancy
100%
Tenancy
Single
Rent Increases
Percentage Rent used if 2% of gross sales and .05% of food sales exceeds $320K
About This Walgreens Net Lease Property
This Walgreens NNN (triple net lease) property is located in Bessemer, AL and represents an excellent investment opportunity for commercial real estate investors. The property features 15120 square feet of building space and was built in 2001.
With a cap rate of 10.0%, this Walgreens net lease property offers stable income potential. The asking price is $3,200,000, making it an attractive option for 1031 exchange investors seeking quality Walgreens commercial properties.
Why Invest in Walgreens NNN Properties?
- Stable Income: Walgreens net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Walgreens is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Bessemer, AL Market Overview
Located in Bessemer, AL, this Walgreens property benefits from strong local demographics and market fundamentals. The Bessemer area offers excellent visibility and accessibility, making it an ideal location for Walgreens operations and a solid investment for net lease property buyers.