Cap Rate
6.75%
Term Remaining
±10 YRS
NOI
$390,000
Property Type
Retail
INVESTMENT HIGHLIGHTS
- ABSOLUTE NNN – This lease offers zero landlord responsibilities ideal for an investor looking for an extremely passive investment
- STRONG INVESTMENT GRADE CREDIT TENANT – Rent is guaranteed by Walgreens Corporate, boasting an S&P credit rating of BBB, a current ranking of 18 on the Fortune 500 list, and a ± $32 billion market cap
- PANDEMIC PROOF / ESSENTIAL RETAILER – Walgreens continues to prove its resilience through the Covid-19 Pandemic and economic downturn
- LONGER TERM – ±10 years remaining with Fifty (50) x One (1) year renewal options
- HARD-SIGNALIZED CORNER LOCATION – Subject property sits on a hard-signalized corner at the intersection of E Robinson Ave & Butterfield Coach Rd
Broker of Record
- Kyle Matthews
- License No. PB00084217 (AR)
- (866) 889-0550
- MREIS AR Real Estate
- 1600 West End,
Ste. 1500 Nashville, TN 37203