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Walgreens | New 15yr Corp Abs NNN 6300 Crain Hwy

14,742 SF Retail Building La Plata, MD 20646 £3,887,212 (£264/SF) 6.15% Net Initial Yield

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Investment Highlights

Brand New 15-Year Lease | Corporate Guaranteed | Strong Operator
Signalized, Hard Corner Intersection | Proximity To La Plata Plaza

Absolute NNN | Fee Simple 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 fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed (NASDAQ: WBA), Walgreens investment property located in La Plata, Maryland. The tenant, Walgreen Co., recently signed a brand new 15 year lease with 12 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. Founded in 1901, and representing one of the largest pharmacies in America with over 9,000 retail locations, Walgreens is a pharmaceutical and health destination serving nearly 10 million customers each day. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Drug Store

Building Size

14,742 SF

Building Class

Year Built

2008

Price

£3,887,212

Price Per SF

£264

Net Initial Yield

6.15%

NOI

£239,078

Tenancy

Single

Number of Floors

Building FAR

0.22

Land Acres

1.56 AC

Zoning

CH - Commercial Highway

Parking

71 Spaces (4.82 Spaces per 1,000 SF Leased)

Frontage

235 ft on Crain Highway

Amenities

Corner Lot

Signage

Signalised Intersection

Drive Thru

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.