Walgreens for Sale in Swansea, IL
Swansea, IL
Key Investment Metrics
Price
$2,715,054
Cap Rate
8.3%
Net Operating Income
$223,992
Building Size
13905 SF
Land Area
1.82 Acres
Remaining Term
8 years
Lease Expiration
06/30/2034
Lease Term
37.0 years
Lease Commencement
06/28/1997
Lease Type
NN+
Tenant Credit
Corporate Guarantee
Year Built
1997
Occupancy
100%
Tenancy
Single
Rent Increases
No
Property overview
Walgreens in Swansea
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 13,905 SF
- Land area
- 1.82 acres
- Year built
- 1997
- Lease type
- NN+
- Lease expiration
- 06/30/2034
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.