Walgreens | Absolute NNN Leasehold

1227 Forest Avenue, Staten Island, NY

$3,100,000

Price

9.3%

Cap Rate

$288,000

NOI

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Street
Map
Overview
Cap Rate
9.3%
NOI
$288,000
Building Size
8,600 sqft
Lease Type
Absolute Net
Year Built
2003
Description

The subject offering provides an opportunity to acquire interest in a passive leasehold Walgreens with zero Landlord responsibilities. The current lease calls for five, 5 year options to renew. The asset is well situated on a major commercial thoroughfare surrounded by national tenants including 7-Eleven and Verizon Wireless.

Highlights
  • Walgreens NNN Leasehold Offering
  • S&P Rated BBB Investment Grade Credit
  • Zero Landlord Obligations
  • Trophy Location With Strong Demographics
  • Located On A Major Commercial Thoroughfare
Documents
Title
Walgreens_-_Staten_Island__NY.pdf
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Location
Gallery