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Drug Store

Walgreens

8052 NY-12, Barneveld, NY 13304

Listing Price: $6,088,620

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
11.9
Guarantor
Corporate Guarantee
Rentable SF
13,813
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.04

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 2401 Ridge Road in Highland, Indiana. The site constructed in 2004, consists of roughly 14,580 rentable square feet of building space and sits on an approximately 1.68-acre parcel of land. Walgreens is subject to a 23.6-year triple-net (NNN) lease, which commenced on November 1st, 2004. The lease has been extended until 07/18/2045. The current annual rent is $304,431 and is scheduled to increase be approximately 2.2% every 5 years beginning 2025.

Investment Highlights

  • Long-Term 12.1-Year Absolute Triple Net (NNN) Lease with Renewed Option Periods Bringing Lease Term up to More than 23 Years
  • Four (4) Rental Increases Every Five (5) Years
  • Highly Visible Storefront with Drive Thru and a Large Parking Lot

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Drug Store

Walgreens

Listing Price: $6,088,620

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
11.9
Guarantor
Corporate Guarantee
Rentable SF
13,813
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.04

Investment Highlights

  • Long-Term 12.1-Year Absolute Triple Net (NNN) Lease with Renewed Option Periods Bringing Lease Term up to More than 23 Years
  • Four (4) Rental Increases Every Five (5) Years
  • Highly Visible Storefront with Drive Thru and a Large Parking Lot

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 2401 Ridge Road in Highland, Indiana. The site constructed in 2004, consists of roughly 14,580 rentable square feet of building space and sits on an approximately 1.68-acre parcel of land. Walgreens is subject to a 23.6-year triple-net (NNN) lease, which commenced on November 1st, 2004. The lease has been extended until 07/18/2045. The current annual rent is $304,431 and is scheduled to increase be approximately 2.2% every 5 years beginning 2025.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

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