Western US
Price:
$ 4,200,000
CAP Rate:
7.50%
NOI:
$ 315,000
Lease Term Remaining Before Options:
5 Years 7 Months
- Walgreens has been operating at this location since 2000 and in 2020 Walgreens renewed its first 5 year option. In 2024, Walgreens restructured its lease early making a firm lease term to 2030.
- The lease features 5% rental increases at each 5 year option period beginning in 2031.
- The property is located on a 3.49 acre parcel on a hard corner with over 37,0000 combined vehicles per day.
- Located in one of the fastest-growing cities in the United States, driven by military, aerospace, healthcare, and technology sectors.
- 1.5 miles south of a 413-bed hospital
Price:
$ 4,200,000
CAP Rate:
7.50%
NOI:
$ 315,000
Lease Term Remaining Before Options:
5 Years 7 Months
