Properties
- Absolute net lease with 12 years remaining.
- Affluent area with solid incomes of over $110,000 in 1-mile radius.
- Part of the Virginia Beach-Norfolk-Newport News, VA-NC MSA with over 1,800,000 residents.
- South of Naval Station Norfolk with more than 82,000 active duty personnel and 39,000 civilians.
Woodruff, SC
$ 1,550,000
- Former Walgreens building for sale available for owner/user or redevelopment.
- In the heart of Woodruff on Hwy 221/Main Street across from city hall, library and fire department.
- Within 1 mile of Woodruff High, Woodruff Middle and Woodruff Elementary with total of 2,152 students.
- Near Michelin’s largest North America distribution center and only BMW assembly facility in the US.
Walgreens
Marietta, GA
$ 5,066,879
6.60 CAP
- Top 10 Atlanta MSA location just 25 miles north of downtown Atlanta.
- Affluent demographic area with household income of over $170,000 in a 3-mile radius.
- Absolute net lease with no landlord responsibilities whatsoever.
- Located on retail corridor across from Walmart Supercenter.
Alma, MI
Denny’s
McAllen, TX
$ 3,750,000
6.40 CAP
- Absolute net lease with 15% increases in each of the two remaining options.
- Located one block north of I-2 with traffic counts of ±118,761 VPD and surrounded by 4.3M SF of retail space.
- McAllen International Airport is located 1 mile S (2.4M passangers annually), McAllen Convention Center 3 miles NW (400K visitors annually).
San Fran Bay Area
San Bernardino MSA
Apple Valley, CA
St. Louis, MO
$ 3,637,200
7.00 CAP
- In operation for 25 years, term is currently extended to September 30, 2026.
- Larger drugstore building footprint at modest $14 per square foot in rent.
- Roof was replaced in 2021 and carries a transferrable 15-year warranty.
- Near South City Hospital, a 178-bed hospital in the center of S St. Louis.
