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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer Absolute NNN- Walgreens , Manlius, New York
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Absolute NNN- Walgreens , Manlius, New York...Absolute NNN- Walgreens , Manlius, New York INVESTMENT HIGHLIGHTS • Long term lease with 7 years remaining and 5 renewal options •

Jul 11, 2020

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Page 1: Absolute NNN- Walgreens , Manlius, New York...Absolute NNN- Walgreens , Manlius, New York INVESTMENT HIGHLIGHTS • Long term lease with 7 years remaining and 5 renewal options •

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer

Absolute NNN- Walgreens , Manlius, New York

Page 2: Absolute NNN- Walgreens , Manlius, New York...Absolute NNN- Walgreens , Manlius, New York INVESTMENT HIGHLIGHTS • Long term lease with 7 years remaining and 5 renewal options •

INVESTMENT HIGHLIGHTS

• Long term lease with 7 years remaining and 5renewal options

• 7% rental escalation in the first renewal optionperiod and 10% rental escalations in each of theremaining five renewal option periods

• Triple net lease with no landlord responsibilities

• Tenant is a publicly traded company (NYSE: RAD)with a market capitalization in excess of $8 billion

• Walgreens recently acquired the store andremodeled it extensively

• Affluent area with average annual householdincomes within a one mile radius of approximately$150,000

INVESTMENT HIGHLIGHTS:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer

Page 3: Absolute NNN- Walgreens , Manlius, New York...Absolute NNN- Walgreens , Manlius, New York INVESTMENT HIGHLIGHTS • Long term lease with 7 years remaining and 5 renewal options •

PROPERTY OVERVIEW

$4,500,000

NOI Escalation Date

$245,833

$263,895 02/23/2027 Option 1

$290,285 02/23/2032 Option 2

$319,313 02/23/2037 Option 3

$351,245 02/23/2042 Option 4

$386,369 02/23/2047 Option 5

$425,006 02/23/2052 Option 6

Price:

Cap Rate:

Net Operating Income:

Lease Commencement

Date: Lease Expiration

Date: Renewal Options:

Year Built

Lease Type:

Square Feet:

Land Size:

February 23, 2007

February 22, 2027

Six 5-Year

2007

NNN – No Landlord

Responsibilities 12,795 SF

1.52 Acres

PROPERTY OVERVIEW:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer

Page 4: Absolute NNN- Walgreens , Manlius, New York...Absolute NNN- Walgreens , Manlius, New York INVESTMENT HIGHLIGHTS • Long term lease with 7 years remaining and 5 renewal options •

Walgreens Pharmacy

Location