Drug Store
Walgreens | Long Term Absolute NNN Lease | 5% Increases
14510 Aurora Ave N, Shoreline, WA 98133
Listing Price: $5,612,923
Cap Rate
6.50%
Tenant Name
Walgreen Co.
Years Remaining On Lease
0.6
Guarantor
Corporate Guarantee
Rentable SF
14,998
Lease Type
Absolute Net
Rent Per Square Feet
$24.33
Investment Overview
See full offering materials for details.
Walgreens | Long Term Absolute NNN Lease | 5% Increases
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
- $124,095 Average Household Income within a 1-mile radius that increases to $154,848 within a 5-mile radius
- Excellent Visibility on Aurora Avenue N with average daily traffic counts of 32,091 VPD
- Seattle-Tacoma MSA Location - Expected to add 200,000 new residents through 2028
- Strong, Growing Economy - Aerospace, e-commerce, software, artificial intelligence, and biomedical manufacturing are major forces driving the local economy
Drug Store
Walgreens | Long Term Absolute NNN Lease | 5% Increases
Listing Price: $5,612,923
Cap Rate
6.50%
Tenant Name
Walgreen Co.
Years Remaining On Lease
0.6
Guarantor
Corporate Guarantee
Rentable SF
14,998
Lease Type
Absolute Net
Rent Per Square Feet
$24.33
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
- $124,095 Average Household Income within a 1-mile radius that increases to $154,848 within a 5-mile radius
- Excellent Visibility on Aurora Avenue N with average daily traffic counts of 32,091 VPD
- Seattle-Tacoma MSA Location - Expected to add 200,000 new residents through 2028
- Strong, Growing Economy - Aerospace, e-commerce, software, artificial intelligence, and biomedical manufacturing are major forces driving the local economy
Investment Overview
See full offering materials for details.
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