Property Details

Walgreens

Leesburg, VA
Property ID: 8283

Financial Summary

Asking Price $6,973,823
Cap Rate 5.10%
Net Operating Income (NOI) $356,665
Lease Type Ground Lease, NNN
Lease Term Remaining 12 Years
The Offering Memorandum for this property is no longer available.

Contact

Jeff Bogart
Director
703.596.5602
Jonathan W. Hipp
President & CEO
703.787.4725

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Highlights

  • Absolute NNN ground lease
  • Rent increase of 10% in 2 years (2020)
  • Walgreens Boots Alliance lease guarantor - S&P: BBB
  • Co-located with neighborhood strip center and day care facility
  • Signalized intersection
  • Located in Loudoun County (Washington, DC MSA)
  • Strong demographics - avg HH income $150K+ within 5 miles, the highest in the US

Location

424 Sycolin Road SE
Leesburg, VA

Leigh ClineWalgreens