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Walgreen's Zero Cash Flow Portfolio

9 Retail Properties Offered at $20,400,035 in Multiple Locations

  • Listing ID: 17710657
  • Date Created: 11/13/2019
  • Last Updated:


Property Name / Address, City, State Property Type Size Year Built Individual Price
6709 Pittsford Palmyra Rd, Fairport, NY Retail 2,876 1978 N/A
1301 N US Highway 31, Petoskey, MI
Retail 13,650 2008 N/A
3395 S Federal Way, Boise, ID Retail 14,533 2008 N/A
2785 N Pinal Ave, Casa Grande, AZ
Retail 14,736 2008 N/A
800 E Lincoln Hwy, Coatesville, PA Retail 14,800 2011 N/A
2225 E Walnut Ave, Dalton, GA Retail 13,225 2008 N/A
1444 W 5th Ave, Columbus, OH
Retail 10,763 2008 N/A
25201 Wesley Chapel Blvd, Lutz, FL Retail 14,128 - N/A
710 150th Ave, Madeira Beach, FL
Retail 14,560 2013 N/A
Show More > < Show Less

Investment Highlights

  • Zero Cash Flow, Bondable Triple Net Leases
  • Paydown Re-Advance Feature
  • Excellent Visibility and Ingress/Egress
  • Scalability to Satisfy Exchange Needs of All Sizes
  • Passive Losses can Offset Passive Income to Mitigate Tax Liability
  • Potential Appreciation of the Real Estate




Executive Summary

The Net Lease Group is pleased to exclusively offer for sale a portfolio of nine (9) zero cash flow Walgreens leasehold retail properties with in-place, fully amortizing, assumable, zero cash flow debt financing. Each property is 100% leased to Walgreens through a bondable triple net lease that is guaranteed by the Walgreen Company and provides that there will be no rent abatement or Landlord responsibilities whatsoever. The tenant is responsible for all costs to operate, maintain and repair the property including taxes, insurance, and assessments.
Each lease has at least 35 years remaining on the term. The mortgage debt will be fully amortized on November 25, 2039, and all rent will then be paid to the landlord as NOI/Free Cash Flow after this date.
The portfolio offers the investor flexibility to satisfy a range of debt and equity exchange needs due to the highly leveraged structure and low percentage of required equity.
After closing, the investor can extract its excess equity from the transaction free of tax liability per the paydown re-advance feature contained in the debt documents.
In addition, the mortgage interest deduction and depreciation of the improvements may generate passive losses that the investor may use to offset passive gains from other investment to potentially reduce the investors overall tax liability.
The properties are available to be purchased individually or as a portfolio.


airplane iconAirport

Greater Rochester International Airport
24 min drive 13.8 mi

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