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Walgreens Portfolio of Four
4 Retail Properties Offered at $11,987,222 in Multiple Locations
|Price||$11,987,222||Number of Properties||4|
|Price / SF||$286.62 / SF||Individually For Sale||0|
|Sale Type||Investment||Total Building Size||41,822 SF|
|Status||Active||Total Land Area||6.38 AC|
|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
2785 N Pinal Ave, Casa Grande, AZ
1828 Texoma Pky, Sherman, TX
- Zero Cash Flow, Bondable Triple Net Leases
- Scalability to Satisfy Exchange Needs of All Sizes
- Paydown Re-Advance Feature
- Passive Losses can Offset Passive Income to Mitigate Tax Liability
- Excellent Visibility and Ingress/Egress
- Potential Appreciation of the Real Estate
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.
Greater Rochester International Airport
|24 min drive||13.8 mi|
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