Monday, December 19, 2011

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:


AMERICA'S NET LEASE COMPANY™


You may visit our website
to view the entire NNN Leased Investment Properties 


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.

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