Walgreens - Net Lease Property for Sale
Bristol, TN
Key Investment Metrics
Price
$3,830,616
Cap Rate
6.7%
Net Operating Income
$254,736
Building Size
14969 SF
Lot Size
14,969 SF
Land Area
2.6 Acres
Remaining Term
9.7 years
Lease Expiration
08/31/2035
Lease Term
13.0 years
Lease Commencement
08/23/2022
Lease Type
Absolute NNN
Year Built
1999
Occupancy
100%
Tenancy
Single
Rent Increases
5% every 5 years
About This Walgreens Net Lease Property
This Walgreens NNN (triple net lease) property is located in Bristol, TN and represents an excellent investment opportunity for commercial real estate investors. The property features 14969 square feet of building space and was built in 1999.
With a cap rate of 6.7%, this Walgreens net lease property offers stable income potential. The asking price is $3,830,616, 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.
Bristol, TN Market Overview
Located in Bristol, TN, this Walgreens property benefits from strong local demographics and market fundamentals. The Bristol area offers excellent visibility and accessibility, making it an ideal location for Walgreens operations and a solid investment for net lease property buyers.