Property Details

Walgreens

Franklin, LA
Property ID: 7864

Financial Summary

Asking Price $4,545,455
Cap Rate 6.60%
Net Operating Income (NOI) $300,000
Lease Type NNN
Lease Term Remaining 16 Years
The Offering Memorandum for this property is no longer available.

Contact

Andrew Fallon
Executive Managing Director
703.787.4733

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Highlights

  • Absolute NNN lease
  • 16 years of primary lease term with additional 5-year extension options
  • Walgreens Co., Inc lease guaranty - S&P rated BBB
  • Signalized intersection adjacent to Walmart and Winn-Dixie
  • Built in 2014 as new prototype model with drive-thru
  • Closest drug store to hospital

Location

2030 Main Street
Franklin, LA

Traci BidingerWalgreens