Drug Store
Walgreens 9902
292 Los Altos Pkwy, Sparks, NV 89436
Listing Price: $4,634,743
Cap Rate
7.00%
Tenant Name
Walgreens
Years Remaining On Lease
10.3
Gross SF
13,302
Guarantor
Corporate Guarantee
Rentable SF
13,302
Price/Gross SF
$348.42
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.39
Investment Overview
See full marketing materials for details.
Walgreens 9902
Investment Highlights
- Long Term Absolute NNN Lease with no landlord maintenance responsibilities
- 5% Rent Increases every 5-years during the primary term and 12, 5-year option periods
- $106,273 Average Household Income within a 1-mile radius of the Subject Property
- Excellent Visibility on a prominent signalized corner with combined daily traffic counts of 22,765 VPD
- Reno MSA Location - 52% projected job growth in the region over the next 10-years
- National Tenants surrounding the Subject Property include Costco, Walmart, Best Buy, Kohl's, Sprouts, PetSmart, Starbucks, Chase, and many others
Exclusively Listed By
Listing Price: $4,634,743
Cap Rate
7.00%
Tenant Name
Walgreens
Years Remaining On Lease
10.3
Gross SF
13,302
Guarantor
Corporate Guarantee
Rentable SF
13,302
Price/Gross SF
$348.42
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.39
Investment Highlights
- Long Term Absolute NNN Lease with no landlord maintenance responsibilities
- 5% Rent Increases every 5-years during the primary term and 12, 5-year option periods
- $106,273 Average Household Income within a 1-mile radius of the Subject Property
- Excellent Visibility on a prominent signalized corner with combined daily traffic counts of 22,765 VPD
- Reno MSA Location - 52% projected job growth in the region over the next 10-years
- National Tenants surrounding the Subject Property include Costco, Walmart, Best Buy, Kohl's, Sprouts, PetSmart, Starbucks, Chase, and many others
Investment Overview
See full marketing materials for details.
Exclusively Listed By
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