Absolute Net leased (NNN) Walgreens for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30835995
Property Subtypes: Free-Standing Building
Building Size (RSF): 13,413 SF
Gross Building Area: See Agent
Sale Price: $6,785,714
Unit Price: $505.91 PSF
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 4/22/2024

Overview / Comments

This Absolute Net leased (NNN) Walgreens with 11 years left of its initial 25 year term is an ideal investment, with zero landlord responsibilities. Tenant is responsible for taxes, insurance, and all repairs and maintenance at the property. The lease is guaranteed by Walgreens North east Co a Wholly owned Subsidiary of Walgreens Boots Alliance. Walgreens operates 9,000+ Locations and boasts an S&P investment grade credit rating of BBB. The site features a dedicated drive-thru, which adds a meaningful level of convenience to the customer experience and drives sales.

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Additional Details

Nearest MSA: Portland-South Portland
County: Cumberland
Tax ID/APN: 05170_125 L007
Tenancy: Single Tenant
Year Built: 2010
Lot Frontage: 228

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 18,686 85,681 127,027
Median Age: 37.33 37.78 39.3
Households: 8,874 39,557 56,546
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