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Drug Store

Walgreens | New Absolute NNN Lease | 5% Increases

1024 16th Ave E, Cordele, GA 31015

Listing Price: $4,365,000

Cap Rate
5.00%
Tenant Name
04-30-2035
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
14,467
Lease Type
Absolute Net
Rent Per Square Feet
$15.09

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

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Drug Store

Walgreens | New Absolute NNN Lease | 5% Increases

Listing Price: $4,365,000

Cap Rate
5.00%
Tenant Name
04-30-2035
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
14,467
Lease Type
Absolute Net
Rent Per Square Feet
$15.09

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

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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