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Walgreens Portfolio of Four

4 Retail Properties Offered at $11,987,222 in Multiple Locations

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

Properties

Property Name / Address, City, State Property Type Size Year Built Individual Price
6709 Pittsford Palmyra Rd, Fairport, NY Retail 2,876 1978 N/A
Walgreens
1301 N US Highway 31, Petoskey, MI
Retail 13,650 2008 N/A
Walgreens
2785 N Pinal Ave, Casa Grande, AZ
Retail 14,736 2008 N/A
Walgreens
1828 Texoma Pky, Sherman, TX
Retail 10,560 - N/A
Show More > < Show Less

Highlights

  • 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

Links

Sale Notes

The Net Lease Group is pleased to exclusively offer for sale a portfolio of four (4) zero cash flow Walgreens leasehold retail properties with in-place, fully amortizing, assumable, zero cash flow debt financing. The properties are located in Arizona, New York, Michigan, and Texas.
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.

Airport

Greater Rochester International Airport
24 min drive 13.8 mi
Walk Score ®
Car-Dependent (18)
What is a Walk Score®, Transit Score® & BikeScore®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

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