Walgreens

9179 Moffett Rd, Semmes, AL
Deal Type:
Net Lease
Price:
$6,725,000
Cap Rate:
6.75%
Current Rent:
$454,000
Lease Type:
Triple Net
Lease Term:
25 years
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 13.5 years
Renewal Options:
10 x 5 Year
Building Sq. Ft.:
14,550 SF
Rent Increases:
Refer to OM
Site Size:
1.70 Acres
  • walgreens stream capital partners
  • walgreens stream capital partners
  • walgreens stream capital partners
  • walgreens stream capital partners

Investment Highlights

  • Commitment: Long term, absolute NNN lease with over 13.5 years remaining on the original term
  • Landlord Responsibilities: Allows for a true, passive investment with no management required
  • Signalized Corner Location: Located at the intersection of Moffett Road and Wuff Road, with traffic counts in excess of 34,000 vehicles per day
  • Strong Demographics: Located just outside of Mobile, Alabama: One of the largest and fastest-growing cities in the state
  • Dense Area Population: There are over 30,000 people within a 5-mile radius of the property
  • New Store Prototype: This store has a brick façade design, Walgreens’ new prototype for its stores
  • Credit: Opportunity to acquire an investment grade (S&P:BBB) asset guaranteed by Walgreens Boots Alliance Inc (NASDAQ: WBA)

Listing Agents

John Woodcock Stream Capital Partners

John Woodcock

Vice President
503 853 6108
[email protected]

Adam English

Managing Director
256 694 9803
[email protected]

Jonathan Wolfe, AL Lic. #000116991-0

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