1375 Forty Foot Rd - Drug Store FOR SALE


Lansdale, PA 19446
$6,428,571 USD
332-345-4202
1375 Forty Foot Rd, Lansdale, PA for Sale
$6,428,571 USD
Drug Store - FOR SALE
1/2
null | 7% Cap Rate

1375 Forty Foot Rd
Lansdale, PA 19446


HIGHLIGHTS

  • Absolute Triple-Net (NNN) Lease | Zero Landlord Responsibilities
  • Original 25-Year Lease | Approximately Ten (10) Years Remaining | Three, Five-Year Options Remaining
  • Rental Increases Of 5.00% Throughout Option Periods | Hedge Against Inflation

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Walgreens located at 1375 Forty Foot Rd, Landsdale, PA 19446. The site consists of roughly 14,736 rentable square feet of building space on an estimated 1.60-acre parcel of land. This Walgreens is subject to a 25-year Triple Net (NNN) lease, which commenced 3/5/2010. The current annual rent is $450,000 and has scheduled increases of 5.00% In Option Periods.

FOR SALE DETAILS

PRICE

$6,428,571 USD

PRICE/SF

$436 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

-

APN/PARCEL ID

53-00-02892-007

ASK ABOUT THIS PROPERTY

Judson KauffmanNNN Pro GroupMore Info
332-345-4202

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Judson KauffmanNNN Pro GroupMore Info
332-345-4202

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.