|Listing New NNN Walgreens 19 Year Lease Greenville SC 6% Cash Return|
Investments, as exclusive investment sale advisor to Seller, is pleased to offer for sale to qualified investors a fantastic opportunity to acquire a high quality single tenant absolute triple net Walgreens Pharmacy in Greenville, South Carolina. The property is strategically located at an extremely high traffic signalized intersection with vehicle counts of 49,000 cars per day. The lease has 69 years of term remaining (19 years firm) and is guaranteed by Walgreens corporate credit (NYSE: WAG), S&P: BBB.
The property is encumbered with attractive assumable debt allowing the investor to purchase a $5.7M property with a down payment as little as $1,465,000. The loan is interest only at 6.18% through December 2016. This produces a very rare 6.00% cash on cash return to the investor. Please reference the 10-year cash flow projections page for projected returns.
New NNN Walgreens 19 Year Lease Greenville SC 6% Cash Return