Price: $4,897,959
CAP Rate: 7.35%
NOI: $360,000
Square Footage: 14,490
Lot Size: 1.54 AC
- 100% Fee Simple Interest
- Corporate Guarantee
- Hard Corner Location
- Investment Grade Credit
- Minimal Landlord Obligations
- Net Leased Offering
- S&P Rated BBB
Property Information:
This offering is for the 100% fee simple interest in the land and building. The property is leased to Walgreens under a long term net lease with 6 years of term remaining. The lease calls for minimal landlord obligations. The property is well located on highly trafficked retail thoroughfare with major tenants that include The Home Depot, Schnucks and Burlington Coat Factory. The asset also benefits from its location at a signalized hard corner with excellent visibility.
