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Walgreens | 4+yrs Corp NNN | Low Rent 903 Benham St 3,966 SF Retail Building Bonne Terre, MO 63628 $1,483,863 CAD ($374.15 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- 4+ Years Remaining | Options To Extend | Extremely Low Rent
- US Highway 67 (17,000 VPD) | Retail Corridor |Strong National/Credit Tenant Presence
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• The tenant, Walgreen Co., has approximately 4+ years remaining on its lease with 9 (5-year) options to extend, demonstrating their commitment to the site
• The lease features flat rent throughout the remainder of the term
• The tenant is currently paying low annual rent at $21 PSF
• The lease features flat rent throughout the remainder of the term
• The tenant is currently paying low annual rent at $21 PSF
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,966 SF
Building Class
B
Year Built
2011
Price
$1,483,863 CAD
Price Per SF
$374.15 CAD
Cap Rate
8%
NOI
$118,653 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.09 AC
Zoning
Commercial
Parking
53 Spaces (13.36 Spaces per 1,000 SF Leased)
Frontage
221’ on Benham St
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 07-60-13-02-015-0001.00 | Improvements Assessment | $163,459 CAD |
| Land Assessment | $58,999 CAD | Total Assessment | $222,457 CAD |
PROPERTY TAXES
Parcel Number
07-60-13-02-015-0001.00
Land Assessment
$58,999 CAD
Improvements Assessment
$163,459 CAD
Total Assessment
$222,457 CAD
CONTACTS
-
Patrick Luther -
Matthew Mousavi -
Morgan Zant -
Sarah Shanks -
SRS National Net Lease
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Walgreens | 4+yrs Corp NNN | Low Rent | 903 Benham St
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