Property details
1031 Exchange, Southeast Region
Property Description
1031 Exchange
• Freestanding Walgreens
• Twenty-five year lease with 50 years of options
• Absolute NNN lease
Perfect 1031 Exchange property for a 1031 buyer wanting a investment grade property to 1031 exchange into.
Lease dates shown are estimates. Actual dates are subject to verification.
What is a 1031 Exchange?
IRS Code Section 1031 Exchange allows a investment property owner to defer any gain realized from a qualified 1031 Exchange sale until some future date, provided they replace the sale with a similarly qualified 1031 Exchange replacement property.
Properties related to 1031 Exchange
» Search for all properties related to 1031 Exchange by using our PROPERTY SEARCH, expand the Property Types, then check the boxes for "Single Tenant" and "Ground Lease".
Images
Highlights
- Status:
- Available
- Price:
- $6,320,000
- PSF:
- $436
- Cap Rate:
- 6.25%
- Annual Rent:
- $395,000
- Rent Increases:
- None
Property Information
- Building Size:
- 14,490 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Drug - Pharmacy
- Units/Spaces:
- 1
- Year Built:
- 2007
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Walgreens
- Lease Type:
- NNN
- Lease Commencement:
- 10/1/2007
- Lease Expiration:
- 9/30/2032
- Lease Term:
- 25 years
- Years Remaining:
- 24 years
- Landlord Responsibilities:
- None
- Options:
- Inquire
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.