Cap Rate
8.25%
Price Per SF
$240
Year Built
2003
Leasable Area
14,560 SF
Term Remaining
±8.90 YRS
NOI
$280,000
Property Type
Retail
LEAD LISTING AGENT
Email
jack.kulick@matthews.com
License No.
02126798 (CA)
Direct
+1 (310) 919-5711
Mobile
+1 (760) 642-9942
ADDITIONAL LISTING AGENT
INVESTMENT HIGHLIGHTS
- Recent Lease Extension – Walgreens’ commitment to this location is reinforced by the lease renewal, demonstrating long-term stability.
- Absolute NNN Lease – True passive investment with zero landlord responsibilities.
- Corporate-Backed Lease – Guaranteed by Walgreens with approximately 8,400 locations nationwide. Recently acquired by Sycamore Partners for ±$10 billion.
- Prime Corner Location – Exceptional visibility and convenient dual access from Rainbow Dr and E Grand Ave.
- High Traffic Area – Exposure to approximately ±55,000 vehicles per day, driving consistent consumer traffic.
- Retail Synergy – Surrounded by national and regional retailers, including O’Reilly Auto Parts, Publix, Shell, Village Shopping Mall, and Huddle House, enhancing foot traffic.
- Long-Term Income Security – ±9 years remaining on the lease, ensuring stable cash flow.
Broker of Record
- Hutt Cooke
- License No. 000110253 - 0 (AL)
- (866) 889-0550
- Matthews Real Estate Investment Services, Inc
- 1600 West End,
Ste. 1500 Nashville, TN 37203