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16 Year NNN in Income Tax-Free Alaska

$300,000 $ 13,500,206 16

5.35% CAP

725 E Northern Lights Blvd,
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Overview

  • Price:
  • $300,000 $ 13,500,206 16
  • CAP Rate:
  • 5.35%
  • Buyer's Broker Fee:
  • $300,000
  • Years Guaranteed:
  • 16
  • NOI:
  • $722,261

Investment Highlights

ANCHORAGE, AK WALGREENS

  • True NNN Lease with 16 Years Guaranteed Rent
  • Excellent Store Sales
  • One of the Best Corners in All of Alaska
  • Avg HH Income is $90,000+ Within 5 Miles
  • Alaska Has No State Income Tax
  • Walgreens Corporate Credit Guarantees the Rent

This prototypical freestanding Walgreens has been open and operating for nearly 10 years, and boasts extremely strong reported sales volumes … not surprising considering that Walgreens has the entire Anchorage market to themselves, as no national drugstores such as CVS/pharmacy or Rite Aid have operations in Alaska. This Walgreens store sits on a prime, high traffic intersection and is arguably one of the best corners in all of Alaska. This site also offers the rarely found combination of population density coupled with affluent demographics. Average household incomes here are in excess of $91,000. Alaska has no state income tax, an additional benefit to investors.

Documents
Address: 725 E Northern Lights Blvd
City:
State/County:
Zip: 99503
Country: United States
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John Giordani