Walgreens Absolute NNN Leased Offering

NNN Leased  Investment Properties

Walgreens | Providence, RI

Asking Price $ 7,150,000 | CAP Rate 7.27%

LEASE SUMMARY

NOI $520,000 Rentable SF 14,191+/- Land Area 1.16 Acres Ownership Type Fee Simple Guarantor Corporate

Lease Type NNN Lease Term 25 years Lease Expiration 10/31/2032 Increases Every 10 Years Options 10 @ 5 years

HIGHLIGHTS This property has existing non-recourse debt of $5.95M that is self amortizing over the life of the lease. This high leverage structure is similar in nature to a “Zero Cash Flow” property, however this asset features over $8,000 per year in positive cash flow. In addition, the site is located in a strong New England market and features rental increases in the lease every 10 years.

LOCATION OVERVIEW

For More information Contact:  Patrick Nutt Associate Vice President (813) 282-6000 pnutt@calkain.com

AMERICA'S NET LEASE COMPANY™

You may visit our website

www.calkain.com

to view the entire NNN Leased Investment Properties 

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CALKAIN REALTY ADVISORS a division of Calkain Companies

W A S H I N G T O N   D C | F L O R I D A |  M A R Y L A N D  |  D E L A W A R E  |  B O S T O N

The information herein is provided to us by sources deemed reliable, but no warranty or representation is made to its accuracy. Offering is subject to corrections and errors, omissions, prior sale, change of price and/or terms or withdrawal from the market without notice. This information is for guidance only and does not constitute all or any part of a contract.