East Coast Drugstore Offering

Price: $ 3,638,250
CAP Rate: 12.00%
NOI: $ 436,590
Lease Term Remaining Before Options: 2 Years 9 Months
Investment Highlights
  • The lease is an absolute NNN lease with zero landlord obligations whatsoever.
  • Less than half a mile from the property, St. Joseph's Hospital is the only level IV trauma center in the area.
  • The next nearest Walgreens location is over 15 miles away.
  • The property is surrounded by national retail tenants such as Walmart Supercenter, Lowe’s, Kroger, and Tractor Supply, and has the only national big-box tenants in a 12-mile radius.
  • Located less than 1 mile from University.
Offering Summary
Price: $ 3,638,250
CAP Rate: 12.00%
NOI: $ 436,590
Lease Term Remaining Before Options: 2 Years 9 Months