Walgreens New 15 Year Absolute NNN Lease With 5% Increases in Rent

Highlights:

• New 15 year absolute NNN lease with rental increases every 5 years
• Zero landlord obligations
• Corporate guarantee - NASDAQ:WBA
• S&P rated BBB investment grade credit
• Located on a major commercial thoroughfare
• Top performing location with reported sales of $3.5m
• Income tax free state

Description:

PROPERTY DESCRIPTION
The Kase Group is pleased to present the opportunity to purchase a well established Walgreens location in San Antonio, Texas with a New 15 Year Absolute NNN Lease. The lease calls for zero landlord obligations and is corporately guaranteed by Walgreens. The recently extended lease calls for 5% increases every 5 years. This Walgreens includes a drive through and is located on a major commercial thoroughfare.

LOCATION DESCRIPTION
San Antonio is the seventh-most populous city in the United States, the second-largest in the Southern United States, and the second-most populous in Texas. It is the 12th most-populous city in North America, with 1,434,625 residents in 2020. From 2000 to 2010, the city was the fastest growing of the top ten largest cities in the United States; it was the second in growth in that category from 1990 to 2000. The city of San Antonio serves as the seat of Bexar County; San Antonio is the center of the San Antonio–New Braunfels metropolitan statistical area. Commonly called Greater San Antonio, the metropolitan area had a population of 2,601,788 based on the 2020 U.S. census estimates, making it the 24th-largest metropolitan area in the United States and third-largest in Texas.

Documents: