Bonne Terre, MO - Walgreens
$1,097,000
903 Benham Street, Bonne Terre, MO 63628
7.75
Cap Rate
85,000
NOI
Details:
Description:
• The tenant, Walgreen Co., has approximately 4+ years remaining on its lease with 9 (5-year) options to extend, demonstrating their commitment to the site
• The lease features flat rent throughout the remainder of the term
• The tenant is currently paying low annual rent at $21 PSF
• The subject property is strategically located right off of US Highway 67, which averages over 17,000 vehicles passing by daily
• The property is in the center of a primary retail corridor with other nearby national/credit tenants including Walmart Supercenter, Casey’s, McDonald’s, Dairy Queen, Dollar General Market, Huddle House, Subway, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
Location

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