Walgreens - Net Lease Property for Sale
Key Investment Metrics
Price
$16,000,000
Cap Rate
8.0%
Net Operating Income
$1,272,000
Building Size
15660 SF
Lot Size
15,660 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
About This Walgreens Net Lease Property
This Walgreens NNN (triple net lease) property is located in , and represents an excellent investment opportunity for commercial real estate investors. The property features 15660 square feet of building space and was built in 2012.
With a cap rate of 8.0%, this Walgreens net lease property offers stable income potential. The asking price is $16,000,000, 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.
, Market Overview
Located in , , this Walgreens property benefits from strong local demographics and market fundamentals. The area offers excellent visibility and accessibility, making it an ideal location for Walgreens operations and a solid investment for net lease property buyers.