Walgreens Rare Rent Increases in Primary and Option Periods Long Beach Boulevard, CA Cap Rate 3.6% Los Angeles (Los Angeles, California, US ) Built

$7,638,888 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

  • Type: Commercial
  • Style: Commercial
  • Size: 13,800 sq. ft.
  • Development Level: Built
  • Lot Size: 1.5 acres
  • Year Built: 2005

Description

Walgreens Rare Rent Increases in Primary and Option Periods 600 Long Beach Boulevard, CA Cap Rate 3.6%

Cap Rate: 3.6%
NOI: $275,000
Building Size: 13,800 sqft
Lot Area: 1.5 acres
Occupancy: 100%
Year Built: 2005

Price: $7,638,888 USD

DESCRIPTION
NNN Walgreens (NASDAQ: WBA) located at 600 Long Beach Blv. Long Beach, CA 90802. This prime real estate is just a mile off I-710 (also known as the “Long Beach Freeway”) with approximately 199,000 VPD and is located 16 minutes (5.6 miles) from Long Beach Airport. Neighboring tenants include Denny’s, Walmart, CVS, Starbucks and T-Mobile. The lease has 10 years remaining with 5 – 10 year options.

HIGHLIGHTS
• PLEASE EMAIL US YOUR SPECIFIC BUYING CRITERIA AND WE WILL SEND YOU OUR ON/OFF MARKET PROPERTIES THAT MEET YOUR CRITERIA!
• Absolute NNN Walgreens (Ground Lease) in Long Beach, California.
• Rent bumps during primary “and” option periods !!!
• 10+ Years remaining on lease.
• Drive through pharmacy.
• Just blocks away from I-710 with 199,000+ VPD
• 15 minute drive from Long Beach Airport
• Income guaranteed by Walgreens Corporate S&P Credit Rating of BBB (NASDAQ: WBA).

For more information:
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

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Information is deemed to be correct but not guaranteed.