1350 Sportsman Way - Drug Store FOR SALE
Fairbanks, AK 99709 |
1350 Sportsman Way
Fairbanks, AK 99709
HIGHLIGHTS
- STABLE INCOME CORPORATE GUARANTEE - Lease income is guaranteed by Walgreens (S&P BBB) investment grade, Fortune 500 Company, with over 9,200 locations
- ABSOLUTE NET LEASE WITH 13 YRS REMAINING - The lease has 13 years of primary term remaining on absolute net lease and no landlord responsibilities
- GUARANTEED INCOME FROM WALGREENS CORP - Store is dark and not in operation but will produce $7.9M in rental income over the remaining 13 yr term.
- LOCATED IN TAX FREE STATE - There are no state income taxes in Alaska.
- 2014 BUILT TO SUIT CONSTRUCTION - Built-to-suit for Walgreens in 2014, ±17,050 SF structure on ±69,652 SF lot with drive-thru window.
- HIGH TRAFFIC AREA NEAR FAIRBANKS INTL AIRPORT - Located on the SE corner of Sportsman Way & Airport Way with combined traffic counts of ± 27,000 VPD.
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Walgreens | Fairbanks AK | 13 Years | Dark
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
16510
STORIES
1
YEAR BUILT
2014
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
664896
