Walgreens - Net Lease Property for Sale
Saginaw, MI
Key Investment Metrics
Price
$1,814,285
Cap Rate
7.0%
Net Operating Income
$127,000
Building Size
2559 SF
Lot Size
2,559 SF
Remaining Term
7.2 years
Lease Expiration
03/31/2033
Lease Term
10.1 years
Lease Commencement
03/15/2023
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2023
Occupancy
100%
Tenancy
Single
Rent Increases
5% / Option
About This Walgreens Net Lease Property
This Walgreens NNN (triple net lease) property is located in Saginaw, MI and represents an excellent investment opportunity for commercial real estate investors. The property features 2559 square feet of building space and was built in 2023.
With a cap rate of 7.0%, this Walgreens net lease property offers stable income potential. The asking price is $1,814,285, 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.
Saginaw, MI Market Overview
Located in Saginaw, MI, this Walgreens property benefits from strong local demographics and market fundamentals. The Saginaw area offers excellent visibility and accessibility, making it an ideal location for Walgreens operations and a solid investment for net lease property buyers.