This property operated by Walgreens Drug an S&P A rated tenant  under a 25 year absolute NNN Net Lease with no landlord responsibilities can be closed very quickly and economically by assuming the existing non-recourse financing in place. There is only a 1% assumption fee due to the Lender without any third party reports and costly legal fees involved.

PROPERTY TYPE:  Walgreens Drug Store

Size:                        14,650 square feet on 1.25 acres.

Location:                   VA

Lease Term:             25 absolute NNN Net Lease

Rent:                        $378,430

Price:                       $5,822,000

Existing Loan:           $3,900,000 assumable 5.85% - 10/30 term.

Equity:                      $1,922,000 with 5.29% return.

Comments:                Population in two mile radius of 51,193

                                 of with average HHI of $53,298.     

Location:                 Location Map