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Walgreens Portfolio 3 Retail Properties Offered at $15,729,167 in Multiple Locations

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INVESTMENT HIGHLIGHTS

  • Commitment: 13.5 years remaining on a 15-year lease with 5% rental escalations throughout the initial term and options.
  • Landlord Responsibilities: Allows for a true passive investment with no management required.
  • Credit: Opportunity to acquire three investment grade (S&P: BBB) Walgreens assets in tax-free states.
  • Location: Assets situated on a signalized hard corner intersections.
  • Tax Benefits: Investors can depreciate land and building due to fee simple ownership. No state income tax.
  • Attractive Base Rent: Low price point stores.

PROPERTY FACTS

Price $15,729,167
Price / SF $367.48 / SF
Cap Rate 4.80%
Sale Type Investment NNN
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 42,803 SF
Total Land Area 5.51 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
850 43rd Ave SW, Vero Beach, FL 32968 Retail 14,406 SF 2006 -
2389 E Windmill Ln, Las Vegas, NV 89123 Retail 13,821 SF 1998 -
Walgreens
12601 Tech Ridge Blvd, Austin, TX 78753
Retail 14,576 SF 2005 -
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  • Listing ID: 27254543

  • Date on Market: 12/6/2022

  • Last Updated:

  • Address: Walgreens Portfolio, Las Vegas, NV

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