Capr. Pr-2 Pr 130 Calle E Int Km 87.7 - Drug Store FOR SALE


Hatillo, PR 00659
$11,839,000 USD
415-231-5231
Capr. Pr-2 Pr 130 Calle E Int Km 87.7, Hatillo, PR  for Sale
$11,839,000 USD
Drug Store - FOR SALE
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Capr. Pr-2 Pr 130 Calle E Int Km 87.7
Hatillo, PR 00659


HIGHLIGHTS

  • Over 16 Years Remaining | Corporate Guaranty | Investment Grade Tenant (S&P: BBB) | Options to Extend
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Along Major Highway | Excellent Visibility & Access

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Walgreens investment property located in Hatillo, Puerto Rico. The tenant, Walgreen Co., has over 16 years remaining on their current lease with 50 (1-year) options to extend, demonstrating their commitment to the site. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Operating nearly 9,000 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving nearly 10 million customers each day. The Walgreens is located directly along State Hwy 2, a major retail highway serving the city of Hatillo. Ideally situated in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Sam’s Club, Home Depot, Starbucks, Burger King, Popeye’s, Wendy’s, Autozone, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The property features excellent visibility via significant street frontage and a large pylon sign

FOR SALE DETAILS

PRICE

$11,839,000 USD

CAP RATE

5.3%

% LEASED

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TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

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STORIES

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YEAR BUILT

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SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

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ASK ABOUT THIS PROPERTY

Jeff GatesSRS Real Estate PartnersMore Info
415-231-5231

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Jeff GatesSRS Real Estate PartnersMore Info
415-231-5231

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