For sale a PREMIUM ABSOLUTE NNN LEASED WALGREENS IN ATLANTA, GA

Posted: 01/08/2020 9:41 am | On HOMEiZ: 1569 days | Updated: 4 years ago | Views: 1837

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$5400000

Last Sold Price

$5400000

Last Sold Date

01/07/2020

Property Location & Description

Listing Headline

For sale a PREMIUM ABSOLUTE NNN LEASED WALGREENS IN ATLANTA, GA

Property Description

Absolute NNN lease, zero owner responsibilities.9 years remaining on the current term with 10 X 5 year options.Store sales anticipated to grow sharply with Rite Aid closure directly across the street (converted into Chick-Fil-A) For more information please contact the listing agent, JOBY TAPIA(O) 415.329.4623 • (C) 415.254.4788 jtapia@nainorcal.com

Tenant Information

Tenant Overview

National Tenants (Public company)

No. of Locations

9,277

Store #

7394

Tenancy Type

Tenancy

Single

Tenant is a Franchise

Number of Tenants

Corporate Overview

Stock Symbol

Walgreens Boots Alliance Inc

Property Overview

Year built

2003

Overall Property Condition

Good

Construction Status

Exist

Total Building Sq. Ft.

15295

Total Lot Size

2.24 Acres

Net Leasable Area

14560 Sq. Ft.

Parking Type

On-street

Assigned Parking

Distressed

Zoning

Number of Floors

Income

Commission split %

Contact Listing agent%

Price per Sq. Ft.

$353

Cap Rate

6.5%

NOI

$354900

Rent to sales ratio

N/A%

Annual Property Tax Rate for this property

1.027%

Responsibility for Property Tax increase

Tenant

Lease overview

Landlord Obligations

Initial Lease term / Month

Lease Remaining Years

years: 9

Renewal Options

Annual Rent Increase %

N/A%

Termination Clause

Tenant Option

Sales Report Available

Yes

Roof & Structure Responsibility

Tenant

Options to Purchase

Right of First Refusal

Lease Guarantor

Guarantee Type

Cooperate

Lease Structure

Lease Type

100% Absolute Triple Net Lease (NNN Lease)

Sewer

Type of Sewer

Sewer System (Public)

Investment Overview

Type of use

Investor

Ownership Overview

Ownership Type

Fee simple absolute

Property Highlights

Highlights

Atlanta ranks as 9th largest major metropolitan area in the United States

Absolute NNN lease, zero owner responsibilities

9 years remaining on the current term with 10 X 5 year options

Drive through

Premium construction with concrete foundation, brick veneer exterior, and flat roofing system with tar and gravel cover

More information

MLS URL of this listing to link to your own site or brokerage site

Not in MLS

Listing Info

Listing ID: 2131

Sold

For Sale

$5,400,000

Listing Presented by

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3740 Cascade Road Southwest . Atlanta , GA 30331