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 •
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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
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
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