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Alexandria, Virginia

$ 13,055,000 25

5.40% CAP

1509 Mt. Vernon Ave.,
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Overview

  • Price:
  • $ 13,055,000 25
  • CAP Rate:
  • 5.40%
  • Years Guaranteed:
  • 25
  • NOI:
  • $705,000

Investment Highlights

ALEXANDRIA, VA WALGREENS

  • Fresh 25 Year NNN Lease
  • Just six miles south of downtown DC
  • Affluent demographic; Avg HH Income $125,751
  • Dense population; 28,000 people within 1 mile
  • Located in historic Del Ray District
  • Rare option structure (every 5 years past 25)
  • Walgreens corporate guarantee (NYSE:WAG)
  • Investment grade credit
  • True NNN lease with zero management responsibilities
Address: 1509 Mt. Vernon Ave.
State/County:
Zip: 22301
Country: United States
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John Giordani