Drug Store
Walgreens | 3-Unit Portfolio | Assumable Loan | 10.9% Cash-on-Cash | Available Individually
6189 NY-31, Cicero, NY 13039
Listing Price: $4,925,000
Investment Overview
AVAILABLE INDIVIDUALLY OR AS A 3-UNIT PORTFOLIO WITH AN ASSUMABLE LOAN (10.9% CASH ON CASH RETURN)
This property is also available as a part of high-cashflow 3-unit Walgreens portfolio, featuring an assumable loan at 4.7% interest with 5.5+ years remaining until the maturity date. With a Portfolio Cash-on-Cash Return of 10.9%, it’s an ideal investment opportunity for 1031-exchange buyers seeking to maximize cashflow.
Walgreens | 3-Unit Portfolio | Assumable Loan | 10.9% Cash-on-Cash | Available Individually
Investment Highlights
- AVAILABLE INDIVIDUALLY OR AS A 3-UNIT PORTFOLIO WITH AN ASSUMABLE LOAN (10.9% CASH ON CASH RETURN)
- Portfolio with Assumable Loan of $10.1 Million at 4.7 % Interest Rate (Full Term Interest Only). Equity Requirement of $5,400,000 will Yield a Cash-on-Cash Return of 10.9%
- 9+ Years Remaining on Absolute NNN Lease with Zero Landlord Responsibilities
- Corporate Guarantee with Options Through 2082 - Tenant has Right to Renew every 30 Days During Option Period
- Essential Use – Pandemic and Recession Resilient Tenant with Drive Thru, FedEx Onsite
- Situated on Highway-31 with 12,842 Vehicles Per Day Proximity to Freeway-81 with 42,837 Vehicles Per Day
- Strong Area Demographics –Population of 53,143 People within a Five-Mile Radius with Household Income of $93,939 Annually
- Nearby Tenants – Cicero North Syracuse High School 1,879 Students, Rite Aid, Circle K, Dunkin' McDonald's, Arby's, Speedway, Fedex, Dollar Tree, Aldi
Exclusively Listed By
Broker of Record
Financing By
Drug Store
Walgreens | 3-Unit Portfolio | Assumable Loan | 10.9% Cash-on-Cash | Available Individually
Listing Price: $4,925,000
Investment Highlights
- AVAILABLE INDIVIDUALLY OR AS A 3-UNIT PORTFOLIO WITH AN ASSUMABLE LOAN (10.9% CASH ON CASH RETURN)
- Portfolio with Assumable Loan of $10.1 Million at 4.7 % Interest Rate (Full Term Interest Only). Equity Requirement of $5,400,000 will Yield a Cash-on-Cash Return of 10.9%
- 9+ Years Remaining on Absolute NNN Lease with Zero Landlord Responsibilities
- Corporate Guarantee with Options Through 2082 - Tenant has Right to Renew every 30 Days During Option Period
- Essential Use – Pandemic and Recession Resilient Tenant with Drive Thru, FedEx Onsite
- Situated on Highway-31 with 12,842 Vehicles Per Day Proximity to Freeway-81 with 42,837 Vehicles Per Day
- Strong Area Demographics –Population of 53,143 People within a Five-Mile Radius with Household Income of $93,939 Annually
- Nearby Tenants – Cicero North Syracuse High School 1,879 Students, Rite Aid, Circle K, Dunkin' McDonald's, Arby's, Speedway, Fedex, Dollar Tree, Aldi
Investment Overview
AVAILABLE INDIVIDUALLY OR AS A 3-UNIT PORTFOLIO WITH AN ASSUMABLE LOAN (10.9% CASH ON CASH RETURN) This property is also available as a part of high-cashflow 3-unit Walgreens portfolio, featuring an assumable loan at 4.7% interest with 5.5+ years remaining until the maturity date. With a Portfolio Cash-on-Cash Return of 10.9%, it’s an ideal investment opportunity for 1031-exchange buyers seeking to maximize cashflow.
Exclusively Listed By
Broker of Record
Financing By
