Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Walgreens investment property located in Hatillo, Puerto Rico. The tenant, Walgreen Co., has over 16 years remaining on their current lease with 50 (1-year) options to extend, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving nearly 10 million customers each day.

The Walgreens is located directly along State Hwy 2, a major retail highway serving the city of Hatillo. Ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Sam’s Club, Home Depot, Starbucks, Burger King, Popeye’s, Wendy’s, AutoZone, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The property features excellent visibility via significant street frontage and a large pylon sign.

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