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Drug Store

Walgreens | Absolute NNN | 5% Increases

292 Los Altos Pkwy, Sparks, NV 89436

Listing Price: $5,691,789

Cap Rate
5.70%
Tenant Name
Walgreen Co.
Years Remaining On Lease
11.4
Guarantor
Corporate Guarantee
Rentable SF
13,302
Lease Type
Absolute Net
Rent Per Square Feet
$24.39

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.

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

  • Kenneth N. Blomsterberg

    Senior Managing Director Investments

    (775) 348-5227

    Email Kenneth

    License(s): CA: 00669083, NV: B.0006886.CORP

    Reno

Broker of Record

  • Cameron Glinton

    Regional Manager

    (702) 215-7100

    License(s) NV: B.1002894.CORP

    Nevada

Drug Store

Walgreens | Absolute NNN | 5% Increases

Listing Price: $5,691,789

Cap Rate
5.70%
Tenant Name
Walgreen Co.
Years Remaining On Lease
11.4
Guarantor
Corporate Guarantee
Rentable SF
13,302
Lease Type
Absolute Net
Rent Per Square Feet
$24.39

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

  • Kenneth N. Blomsterberg

    Senior Managing Director Investments

    (775) 348-5227

    Email Kenneth

    License(s): CA: 00669083, NV: B.0006886.CORP

    Reno

Broker of Record

  • Cameron Glinton

    Regional Manager

    (702) 215-7100

    License(s): NV: B.1002894.CORP

    Nevada

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