WALGREEN

25 YEAR ABSOLUTE NET LEASE 7% CAP


EXECUTIVE SUMMARY

LOCATION: Vermont
IMPROVEMENTS: Single story freestanding retail building completed and occupied in 2003. Constructed of masonry concrete block over structural steel frame, with a Carlisle glass storefront and decorative brick facade on the remaining three sides.. Property consists of 14,490 square feet of net retable area, 100% leased with lease guaranty from Walgreen Co.

LEASE ABSTRACT

TERM: 25 years commencing 2003.
OPTION: Ten 5 year options
EXPENSES: All paid by tenant. This is an absolute net lease with no owner responsibility for any expenses.
RENT: $388,420 per annum payable monthly.
NET OPERATING INCOME: $388,420
PRICE: $5,548,000 Cap 7.00

Contact Information

John M. "Jack" Peckham III CCIM, CIPS, RECS
Peckham Boston Advisors
(Founded 1963 - Our 47th Year)
Four Longfellow Place, Suite 2003
Boston, MA 02114
Phone 617 523 4441 Ext. 6

Email: info@REOtoCash.com
Web: www.REOtoCash.com

All information is from sources we deem reliable and is submitted subject to errors, omissions, prior sale, lease, withdrawal without notice, or change in price and conditions. While we do not doubt it's accuracy, no representation thereof is made.

Return to Real Estate Investments On-Line
Return to The Peckham Boston Advisory Company