Walgreens Portfolio 3 Retail Properties Offered at $21,951,625 CAD in Multiple Locations
INVESTMENT HIGHLIGHTS
- Commitment: 13.5 years remaining on a 15-year lease with 5% rental escalations throughout the initial term and options.
- Landlord Responsibilities: Allows for a true passive investment with no management required.
- Credit: Opportunity to acquire three investment grade (S&P: BBB) Walgreens assets in tax-free states.
- Location: Assets situated on a signalized hard corner intersections.
- Tax Benefits: Investors can depreciate land and building due to fee simple ownership. No state income tax.
- Attractive Base Rent: Low price point stores.
PROPERTY FACTS
| Price | $21,951,625 CAD |
| Price / SF | $512.85 CAD / SF |
| Cap Rate | 4.80% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 42,803 SF |
| Total Land Area | 5.51 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2389 E Windmill Ln, Las Vegas, NV 89123 | Retail | 13,821 SF | 1998 | - |
|
Walgreens
12601 Tech Ridge Blvd, Austin, TX 78753 |
Retail | 14,576 SF | 2005 | - |
| 850 43rd Ave SW, Vero Beach, FL 32968 | Retail | 14,406 SF | 2006 | - |
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