Walgreens - Net Lease Property for Sale
Saint Charles, MO
Key Investment Metrics
Price
$3,836,444
Cap Rate
6.8%
Net Operating Income
$258,960
Building Size
17612 SF
Lot Size
17,612 SF
Land Area
2.6 Acres
Remaining Term
12.4 years
Lease Expiration
11/30/2038
Lease Term
15 years
Lease Commencement
11/30/2023
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
N/A
Occupancy
100%
Tenancy
Single
Rent Increases
5% Increases Every 5 Years
About This Walgreens Net Lease Property
This Walgreens NNN (triple net lease) property is located in Saint Charles, MO and represents an excellent investment opportunity for commercial real estate investors. The property features 17612 square feet of building space.
With a cap rate of 6.8%, this Walgreens net lease property offers stable income potential. The asking price is $3,836,444, 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.
Saint Charles, MO Market Overview
Located in Saint Charles, MO, this Walgreens property benefits from strong local demographics and market fundamentals. The Saint Charles area offers excellent visibility and accessibility, making it an ideal location for Walgreens operations and a solid investment for net lease property buyers.