Skip to main content

Drug Store

Walgreens | Long Term Absolute NNN Lease | 5% Increases

409 S Columbia Ave, Rincon, GA 31326

Listing Price: $6,215,534

Cap Rate
5.15%
Tenant Name
Walgreens
Years Remaining On Lease
11.9
Guarantor
Corporate Guarantee
Rentable SF
14,525
Lease Type
Absolute Net
Rent Per Square Feet
$22.04

Investment Overview

The Walgreens is subject to a long term 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

  • Long Term 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

Financing By

Drug Store

Walgreens | Long Term Absolute NNN Lease | 5% Increases

Listing Price: $6,215,534

Cap Rate
5.15%
Tenant Name
Walgreens
Years Remaining On Lease
11.9
Guarantor
Corporate Guarantee
Rentable SF
14,525
Lease Type
Absolute Net
Rent Per Square Feet
$22.04

Investment Highlights

  • Long Term 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 a long term 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

Financing By

MM Texture Background
MM Textured Background Lower