Walgreens | Absolute NNN Lease

100 Calle 12, Fajardo, Puerto Rico

$9,762,000

Price

6.3%

Cap Rate

$615,000

NOI

Gallery
Street
Map
Overview
Cap Rate
6.3%
NOI
$615,000
Building Size
15,600 sqft
Lot Area
1.63 acres
Lease Type
Absolute Net
Description

The subject offering is a fee simple interest in an absolute NNN leased Walgreens. There are over 16 years remaining on the initial lease, with the lease calling for zero landlord obligations. The store has exceptionally strong sales that continue to trend upward. The subject property is well situated in a major recreational boating hub in Puerto Rico.

Highlights
  • Long Term Absolute NNN Lease
  • Zero Landlord Responsibilities
  • S&P Rated BBB- Investment Grade Credit
  • Corporate Guaranty - Nasdaq: WBA
  • 100% Fee Simple Interest
Documents
Title
Walgreens_-_Fajardo__PR.pdf
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Location
Gallery