Walgreens Store #509 in Caguas
$9,588,000
101 Puerto Rico 1, Caguas, PR 00725, Puerto Rico
For Sale
Retail
Active
Last Updated: 10/24/2024
5.9
Cap Rate
16,638 sqft
Building Size
Details:
Cap Rate: 5.9%
Building Size: 16,638 sqft
Lot Area: 1.74 acres
Occupancy: 100%
Year Built: 2002
Tenancy: Single
Lease Expire Year: 10/19/2040
Description:
Positioned strategically in a prime location in Caguas, 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:
| Title | ||
|---|---|---|
| Walgreens_509_-_Caguas.pdf |
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery
