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Walgreens 3500 Mastin Lake Rd NW 15,190 SF Retail Building Huntsville, AL 35810 $2,988,235 ($196.72/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Operating History – Proven Tenant Commitment – Walgreens has operated at this location for over 23 years
- Two Years Remaining on Absolute NNN Lease – The property offers two years of remaining term on an absolute triple-net (NNN) lease
- Corporate Guarantee by Investment-Grade Tenant – The lease is corporately guaranteed by Walgreens (NASDAQ: WBA)
- Hard Corner Location with Excellent Visibility and Traffic – Positioned on a hard corner along Mastin Lake Rd
EXECUTIVE SUMMARY
Hutt Cooke
License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
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- Retailer
- -
- -
- -
Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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Retailer | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-05-15-4-002-076.000 | Improvements Assessment | $317,560 |
| Land Assessment | $59,880 | Total Assessment | $377,440 |
PROPERTY TAXES
Presented by
Walgreens | 3500 Mastin Lake Rd NW
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