Walgreens - Net Lease Property for Sale
Springfield, OH
Key Investment Metrics
Price
$2,916,666
Cap Rate
12.0%
Net Operating Income
$350,000
Building Size
13991 SF
Lot Size
13,991 SF
Land Area
1.23 Acres
Remaining Term
2.7 years
Lease Expiration
03/31/2029
Lease Type
Absolute NNN
Year Built
2004
Tenancy
Single
About This Walgreens Net Lease Property
This Walgreens NNN (triple net lease) property is located in Springfield, OH and represents an excellent investment opportunity for commercial real estate investors. The property features 13991 square feet of building space and was built in 2004.
With a cap rate of 12.0%, this Walgreens net lease property offers stable income potential. The asking price is $2,916,666, 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.
Springfield, OH Market Overview
Located in Springfield, OH, this Walgreens property benefits from strong local demographics and market fundamentals. The Springfield area offers excellent visibility and accessibility, making it an ideal location for Walgreens operations and a solid investment for net lease property buyers.