Drug Store
Walgreens | Absolute NNN | 5% Increases
292 Los Altos Pkwy, Sparks, NV 89436
Listing Price: $5,691,789
Investment Overview
The subject property is a freestanding Walgreens Pharmacy operating under a long-term absolute NNN lease with no landlord maintenance or management responsibilities. There are attractive 5% rent increases every 5-years during the primary term and the 12, 5-Year option periods. The property benefits from being situated at a prominent 4-way signalized corner with excellent access and visibility along Los Altos Parkway (10,560 VPD). There are excellent demographics in the region with average household incomes exceeding $97,000 within a 1-mile radius of the subject property.
The property is surrounded by national retailers including Walmart Supercenter, FedEx, Starbucks, Discount Tire, Heritage Bank, Chase, Del Taco, Sonic, Jack-in-the-box, KFC, O'Reilly Auto Parts and many more.
Walgreens | Absolute NNN | 5% Increases
Investment Highlights
- Long-Term Absolute NNN Lease with No Landlord Management or Maintenance Responsibilities
- Rare 5% Rent Increases Every 5-Years During Primary Term & Option Periods
- Critical Drive-Through Lane | 4-Way Signalized Corner
- Excellent Demographics with Avg. HHI of $97,000 (1-Mile Radius)
Exclusively Listed By
Broker of Record
Listing Price: $5,691,789
Investment Highlights
- Long-Term Absolute NNN Lease with No Landlord Management or Maintenance Responsibilities
- Rare 5% Rent Increases Every 5-Years During Primary Term & Option Periods
- Critical Drive-Through Lane | 4-Way Signalized Corner
- Excellent Demographics with Avg. HHI of $97,000 (1-Mile Radius)
Investment Overview
The subject property is a freestanding Walgreens Pharmacy operating under a long-term absolute NNN lease with no landlord maintenance or management responsibilities. There are attractive 5% rent increases every 5-years during the primary term and the 12, 5-Year option periods. The property benefits from being situated at a prominent 4-way signalized corner with excellent access and visibility along Los Altos Parkway (10,560 VPD). There are excellent demographics in the region with average household incomes exceeding $97,000 within a 1-mile radius of the subject property. The property is surrounded by national retailers including Walmart Supercenter, FedEx, Starbucks, Discount Tire, Heritage Bank, Chase, Del Taco, Sonic, Jack-in-the-box, KFC, O'Reilly Auto Parts and many more.
Exclusively Listed By
Broker of Record
