loader
Join Free
Views: 139 DOM: 90 Updated: 07.21.24 Posted: 06.20.24 Status: Active

Summary

Price $4,085,161
Built/Renov 2007
Tenant Walgreens | JenCare Senior Medical Center
Cap Rate 7.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 14,550
Lease Start 06-01-2017
#Units 13,532
Price/SF $280.77
Expiration 05-31-2032
Tenant Type Medical/Health
NOI $316,600
R. Term 7.8
Ownership Fee Simple
Rent/SF $21.76
Increases 3.0%/1/yrs
Pop 5Mi 186,985
Lot/AC 1.63
Options 1/5yrs/3%
AHHI 5Mi $72,179

Lease Highlights

  • Subleased to JenCare Senior Medical Center for 9 years starting in 2017
  • Tenant has 7+ years of firm term remaining with 1 (5-year) option to extend
  • The lease features 3% rental increases annually
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

The subject property is strategically located at the signalized, hard corner intersection of Portsmouth Blvd. and Turnpike Road, with access to a combined daily traffic count of 14,500 vehicles. It features prominent signage and excellent visibility, with frontage and access at the confluence of several major roadways. Additionally, this prime location is just 1 mile from Tidewater Community...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity