Walgreens for Sale in Parkville, MD
Parkville, MD
Key Investment Metrics
Price
$5,100,480
Cap Rate
6.3%
Net Operating Income
$318,780
Building Size
14430 SF
Land Area
1.804 Acres
Remaining Term
13.2 years
Lease Expiration
02/28/2039
Lease Term
44.0 years
Lease Commencement
02/22/1995
Lease Type
Absolute NNN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
1995
Tenancy
Single
Rent Increases
5% / Every 5 Years
Property overview
Walgreens in Parkville
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 14,430 SF
- Land area
- 1.804 acres
- Year built
- 1995
- Lease type
- Absolute NNN
- Lease expiration
- 02/28/2039
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.