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: |
$8,260,869 |
| Unit Price: |
$615.89 PSF |
| Has Drive-Thru? |
Yes |
| Property Use Type: |
Net Leased Investment (NNN) |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
5.75% |
| Last Updated: |
9/18/2023 |
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.
|
Additional Details
| Nearest MSA: |
Portland-South Portland |
| County: |
Cumberland |
| Tax ID/APN: |
05170_125 L007 |
| Zoning: |
COMMERCIAL |
| Tenancy: |
Single Tenant |
| Year Built: |
2010 |
| Lot Frontage: |
228 |
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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