Walgreens for Sale
Key Investment Metrics
Price
$16,000,000
Cap Rate
8.0%
Net Operating Income
$1,272,000
Building Size
15660 SF
Land Area
2.18 Acres
Remaining Term
12 years
Lease Expiration
07/31/2038
Lease Type
Absolute NNN
Year Built
2012
Occupancy
100%
Tenancy
Single
Rent Increases
No
Property overview
Walgreens
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 15,660 SF
- Land area
- 2.18 acres
- Year built
- 2012
- Lease type
- Absolute NNN
- Lease expiration
- 07/31/2038
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.