Walgreens - Net Lease Property for Sale
Lenoir, NC
Key Investment Metrics
Price
$3,476,000
Cap Rate
7.3%
Net Operating Income
$251,940
Building Size
14820 SF
Lot Size
14,820 SF
Remaining Term
9.7 years
Lease Expiration
08/31/2035
Lease Term
13 years
Lease Commencement
09/01/2022
Lease Type
Absolute NNN
Year Built
N/A
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 Lenoir, NC and represents an excellent investment opportunity for commercial real estate investors. The property features 14820 square feet of building space.
With a cap rate of 7.3%, this Walgreens net lease property offers stable income potential. The asking price is $3,476,000, 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.
Lenoir, NC Market Overview
Located in Lenoir, NC, this Walgreens property benefits from strong local demographics and market fundamentals. The Lenoir area offers excellent visibility and accessibility, making it an ideal location for Walgreens operations and a solid investment for net lease property buyers.