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Drug Store

Walgreens | New Absolute NNN Lease | 5% Increases

1275 N Galena Ave, Dixon, IL 61021

Listing Price: $5,434,000

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
14,264
Lease Type
Absolute Net
Rent Per Square Feet
$19.05

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

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Drug Store

Walgreens | New Absolute NNN Lease | 5% Increases

Listing Price: $5,434,000

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
14,264
Lease Type
Absolute Net
Rent Per Square Feet
$19.05

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

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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