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Walgreens | 16+ Yrs Remaining Abs NNN 17703 Virginia Ave

8,453 SF Retail Building Hagerstown, MD 21740 £2,574,261 (£305/SF) 8% Net Initial Yield

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Investment Highlights

Over 16 Years Remaining | 8M Daily Customers | Well-Known & Established Tenant | Options to Extend
Signalized, Hard Corner Intersection | Interstate 81 (79,200 VPD) |Crosspoint Shopping Center | Strong National/Credit Tenants

Absolute NNN | Leasehold Ownership | Zero Landlord Responsibilities
Strong Demographics in 5-Mile Trade Area

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased, zero cash flow, Walgreens investment property located in Hagerstown, Maryland. The tenant has over 16 years of firm term remaining with 1 (3 year & 4 month) and 9 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. Founded in 1901, Walgreens has grown exponetially and now operates nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

8,453 SF

Year Built

2013

Price

£2,574,261

Price Per SF

£305

Net Initial Yield

NOI

£205,941

Tenancy

Single

Number of Floors

Building FAR

0.15

Land Acres

1.30 AC

Zoning

BL - Local Business Zone

Parking

4.5 Spaces per 1,000 SF Leased

Amenities

Corner Lot

Freeway Visibility

Signage

Signalised Intersection

Retailer
99,999 SF
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Walgreens is a trusted and convenient local health destination that millions of Americans rely on every day. Their founder, Charles R. Walgreen Sr., was known for finding new ways to connect with customers on a personal level and treating each person like a guest in his own home. For over a century, they have expanded that personal connection through their network of neighborhood pharmacies and their innovative health services and products. The foundation for all of this is their trusted pharmacy expertise, and their team members who provide essential care that helps people achieve better health outcomes at an affordable cost.