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Drug Store

Walgreens Pharmacy (Absolute NNN)

3150 W Cherry Ln, Meridian, ID 83642

Listing Price: $5,928,000

Cap Rate
4.50%
Tenant Name
Walgreens Co.
Years Remaining On Lease
12.8
Guarantor
Corporate Guarantee
Rentable SF
14,616
Lease Type
Absolute Net
Rent Per Square Feet
$18.25

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

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s) ID: DB54599

    Idaho

Drug Store

Walgreens Pharmacy (Absolute NNN)

Listing Price: $5,928,000

Cap Rate
4.50%
Tenant Name
Walgreens Co.
Years Remaining On Lease
12.8
Guarantor
Corporate Guarantee
Rentable SF
14,616
Lease Type
Absolute Net
Rent Per Square Feet
$18.25

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.

Broker of Record

  • Adam Lewis

    Vice President/Regional Manager

    (303) 328-2000

    License(s): ID: DB54599

    Idaho

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