Walgreens for Sale in Garden City, MI
Garden City, MI
Key Investment Metrics
Price
$5,288,889
Cap Rate
9.0%
Net Operating Income
$476,000
Building Size
14560 SF
Land Area
1.62 Acres
Remaining Term
3 years
Lease Expiration
01/31/2030
Lease Term
25.1 years
Lease Commencement
01/08/2005
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2005
Tenancy
Single
Property overview
Walgreens in Garden City
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 14,560 SF
- Land area
- 1.62 acres
- Year built
- 2005
- Lease type
- Absolute NNN
- Lease expiration
- 01/31/2030
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.