Walgreens| $4,725,000| 7.75% CAP
» DUAL-INCOME, FEE-SIMPLE INVESTMENT | WALGREENS + ON-SITE BILLBOARD: Two Separate Absolute-Net Income Streams With No Landlord Responsibilities; Offered Fee-Simple At $4,725,000.
» ABSOLUTE-NET STRUCTURE | ZERO LANDLORD RESPONSIBILITIES: Both Leases Are Absolute-Net (NNN); Tenant/Operator Handles All Expenses, Including Roof & Structure.
» WALGREENS PRIMARY TERM THROUGH 12/31/2034 | 6 FIVE-YEAR OPTIONS: Stability From An Established National Pharmacy With Six Five-Year Options Following The Primary Term.
» BILLBOARD: 20-YEAR ABSOLUTE-NET LEASE | 10% INCREASES EVERY 5 YEARS: New Billboard Lease Commences At Operation And Features Contractual 10% Rent Steps Every Five Years.
» YEAR-1 COMBINED NOI: $366,000 7.75% CAP RATE: Initial Combined Income Stream Of $366,000 Supports A 7.75% Going-In Cap Rate.
» ESTABLISHED RETAIL LOCATION | 2003 CONSTRUCTION ON 2.36 ACRES: 14,560 SF Walgreens Constructed In 2003 On A 2.36-Acre Site With Strong Visibility And Access.
» NORTH-METRO TWIN CITIES LOCATION MSA GROWTH AND CONNECTIVITY: Located In Blaine Within The Minneapolis–St. Paul–Bloomington MSA, Benefiting From Regional Population, Employment, And Infrastructure Investment.
