Hagerstown, MD - Walgreens Leasehold ZCF

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the leasehold interest (building ownership) in an absolute NNN leased, zero cash flow, Walgreens investment property located in Hagerstown, Maryland. The tenant has over 16 years of firm term remaining with 1 (3 year & 4 month) and 9 (5-year) options to extend, demonstrating their long-term 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. Founded in 1901, Walgreens has grown exponetially and now operates nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands.

• Walgreens is located at the signalized, hard corner intersection Virginia Avenue and Halfway Boulevard which serves over 27,000 vehicles per day
• The site benefits from nearby access to Interstate 81 (79,200 VPD)
• The asset is within walking distance from Crosspoint Shopping Center, a 378,000 SF power center anchored by Target, Kohl’s, Ross, and more
• Other nearby national/credit tenants include Sam’s Club, Home Depot, Lowes, Hobby Lobby, Tractor Supply, Big Lots, and more
• Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site