Walgreens East Thomson Rd

Investment Highlights

• Long Term Leasehold Interest Through 2049
• Investment Grade Credit Tenant (S&P: BBB) & Moody’s Baa 2
• Attractive Cash on Cash Return at Current Interest Rates
• 5+ Years Remaining on the Original Walgreens Lease Term
• New Roof Built 2019 (Under Warranty)
• Minimal Landlord Responsibilities – Only Roof & Structure • Signalized Hard Corner Infill Location • 194,000+ People within 5 Miles
• High Barriers to Entry
• Strong Traffic Counts: 51,000+ Cars/Day
• Long Term Seasoned Tenant

Offering Summary

  • Price: $1,645,000
  • CAP: 9.00%
  • Cash on Cash: 17.63%
  • GLA:  13,500 SF
  • Price/Sf: $121.85
  • Site Area: 1.34 Acres

 

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