Rare Tax Free State Drugstore Offering

• New 15 year lease with 5% rental increases every 5 years in the initial term and in the options.
• Rare tax free state drugstore offering.
• 15+ year operating history.
• Recent third-party reports will be provided to buyer.
• Absolute net lease with zero landlord responsibilities.
• 5 national brand hotels with a total of 435 hotel rooms within a 1 mile radius.

Walgreens has agreed to a new 15-year absolute net lease with no landlord responsibilities whatsoever. The lease includes 5% rental increases every 5 years in the initial lease term and in each of the 12 (5-year) options. The Property is at an extremely rare low price point for a Walgreens with this lease type, lease length and rental increase structure. This will provide a massive buyer pool if the asset is ever resold in the future as it allows investors a unique opportunity to own a Walgreens at a minimal price point in a tax free state. 

The Property is near a large college campus of over 1,200 Acres which has added annually over $130 Million dollars and generated over 2,000 jobs to the local economy. Within a mile radius of the Property there are approximately 433 hotel rooms including the Hilton Garden Inn (135 rooms), Hampton Inn (84 rooms), Holiday Inn (100 rooms), Quality Inn (55 rooms) and the Wyndham (59 rooms).