Walgreens Portfolio

Three Properties in Las Vegas, Austin & Vero Beach

Deal Type:

Net Lease

Price:

$15,729,167

Cap Rate:

4.80%

Current Rent:

$755,000

Lease Type:

Triple Net

Landlord Responsibilities:

None

Lease Expiration Date:

Approx. 13.5 years

Rent Increases:

5% every 5 Years

Access Offering Memorandum

Investment Highlights

Commitment: 13.5 years remaining on a 15-year lease with 5% rental escalations throughout the initial term and options.
Location: Assets situated on a signalized hard corner intersections.
Landlord Responsibilities: Allows for a true passive investment with no management required.
Tax Benefits: Investors can depreciate land and building due to fee simple ownership. No state income tax.
Credit: Opportunity to acquire three investment grade (S&P: BBB) Walgreens assets in tax-free states.
Attractive Base Rent: Low price point stores.

Listing Agents

Dean Copans

Managing Director
650 465 3993
[email protected]

Jonathan Wolfe, Florida Lic. #BK350717; Texas Broker of Record: Kyler Bean, Texas Lic. #646910; Dean Copans, Nevada Lic: 1002671

Download Offering Memorandum

Please enter your first name, last name, email address and phone number in the text boxes. Please also indicate whether you are a Buyer or Broker. Once the form is submitted the offering memorandum will be emailed to you.

Walgreens Portfolio

Investment Highlights

Listing Agents

Dean Copans

Download Offering Memorandum

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Walgreens Portfolio

Investment Highlights

Listing Agents

Dean Copans

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