Walgreens for Sale in Bessemer, AL
Bessemer, AL
Key Investment Metrics
Price
$3,200,000
Cap Rate
10.0%
Net Operating Income
$320,000
Building Size
15120 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
Property overview
Walgreens in Bessemer
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 15,120 SF
- Land area
- 2.39 acres
- Year built
- 2001
- Lease type
- NN
- Lease expiration
- 12/31/2060
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.