Walgreens Store #222 in Carolina
$9,474,667
150 Carretera 857, Carolina, PR 00987, Puerto Rico
For Sale
Retail
Active
Last Updated: 10/24/2024
6
Cap Rate
16,720 sqft
Building Size
Details:
Cap Rate: 6%
Building Size: 16,720 sqft
Lot Area: 1.83 acres
Occupancy: 100%
Year Built: 2004
Tenancy: Single
Lease Expire Year: 10/19/2040
Description:
Positioned strategically in a prime location in Carolina, Puerto Rico, this store serves as an essential healthcare and retail center for its community. With a well-established presence and a trusted tenant in Walgreens, this property offers investors a stable income stream and the potential for long-term growth. This Walgreens store is an ideal investment for those seeking a secure and attractive opportunity, with a brand-new 17-year lease and consistent 10% rent increase every 5 years. Additionally, there are twelve consecutive 5-year options to renew automatically in place, ensuring long-term stability.
Documents:
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| Walgreens_222_-_Carolina.pdf |
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Location
Gallery
