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Drug Store

Walgreens | New Absolute NNN Lease | 5% Increases

9709 Silverdale Way NW, Silverdale, WA 98383

Listing Price: $7,328,276

Cap Rate
4.35%
Tenant Name
Walgreens Co.
Years Remaining On Lease
12.8
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Absolute Net
Rent Per Square Feet
$22.00

Investment Overview

The Walgreens is subject to new 13-year absolute net lease with no landlord management or maintenance responsibilities. The lease offers rare 5% rent increases every five years, providing exceedingly more cash flow than a traditional flat Walgreens lease. This is the perfect opportunity for net-lease investors and 1031 exchange investors. Contact us with any questions.

Investment Highlights

  • New 13-Year Absolute NNN Lease
  • Rare 5% Rent Increases Every 5 Years
  • Critical Drive-Through Lane
  • Investment Grade Tenant
  • Essential Retailer Operating and Assisting U.S. Authorities During the COVID-19 Pandemic

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Drug Store

Walgreens | New Absolute NNN Lease | 5% Increases

Listing Price: $7,328,276

Cap Rate
4.35%
Tenant Name
Walgreens Co.
Years Remaining On Lease
12.8
Guarantor
Corporate Guarantee
Rentable SF
14,490
Lease Type
Absolute Net
Rent Per Square Feet
$22.00

Investment Highlights

  • New 13-Year Absolute NNN Lease
  • Rare 5% Rent Increases Every 5 Years
  • Critical Drive-Through Lane
  • Investment Grade Tenant
  • Essential Retailer Operating and Assisting U.S. Authorities During the COVID-19 Pandemic

Investment Overview

The Walgreens is subject to new 13-year absolute net lease with no landlord management or maintenance responsibilities. The lease offers rare 5% rent increases every five years, providing exceedingly more cash flow than a traditional flat Walgreens lease. This is the perfect opportunity for net-lease investors and 1031 exchange investors. Contact us with any questions.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

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