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1350 Sportsman Way - Walgreens, Fairbanks, AK

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1350 Sportsman Way - Walgreens

Fairbanks, AK 99709-4633

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2014
Building Size:17,093 SF Land Area:1.6 AC (69,696 SF)
For Sale Price:$10,500,000 Price/SF:$614.29
Cap Rate:5.57 %
Parking:60 Surface spaces are available; Ratio of 3.51/1,000 SF
Features:Corner Lot, Freeway Visibility, Pylon Sign, Signage, Signalized Intersection

Sale Notes:
SRS National Net Lease Group is pleased to offer the rare opportunity to acquire the fee simple interest (land & building) in an absolute NNN leased, corporate guaranteed, investment grade tenant, Walgreens (S&P: BBB) investment property located in Fairbanks, Alaska. The tenant, Walgreen Co., has approximately 16 years remaining in their initial term with 11 (5-year) option periods to extend. The lease is absolute NNN with zero landlord responsibilities. This is one of only two Walgreens in the city of Fairbanks, with the next nearest one being over 5 miles east.

SRS National Net Lease Group
Chris Edwards
(949) 270-8212

Patrick R Luther
(949) 698-1115

Matthew Mousavi
(949) 698-1116

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