East Coast Walgreens
Price:
$ 4,496,552
CAP Rate:
7.25%
NOI:
$ 326,000
Lease Term Remaining Before Options:
9 Years 4 Months
- Walgreens has been operating at this location since 1999, and in 2019, Walgreens renewed its first 5-year option. In 2024, Walgreens restructured its lease early, extending the firm lease term to 2034.
- Two hospitals totaling 540 beds are both within 2 miles of the property.
- Within 3.5 miles there are currently over 350 new units under construction.
- Situated at a signalized intersection with a combined traffic count of 37,000 vehicles per day.
- There is more than 4.8 million square feet of existing retail space within 2 miles of the property.
Price:
$ 4,496,552
CAP Rate:
7.25%
NOI:
$ 326,000
Lease Term Remaining Before Options:
9 Years 4 Months
