Overview
- Price:
- $ 10,800,000 ~18
- CAP Rate:
- 5.85%
- Years Guaranteed:
- ~18
- NOI:
- $631,656
Investment Highlights
ANN ARBOR, MI WALGREENS
- ~18 Year NNN with extremely rare rent increase in primary term (3 years from now)
- Rare rental increase at every 5 year option period
- Just two miles from University of Michigan and Michigan Stadium
- Non-recourse loan generates 7% return on cash with $4.9MM cash down ($346,774 net annual cash flow)
- 50,000 cars per day at intersection
- Well positioned in major retail corridor
- True NNN lease with no management responsibilities
- Walgreens corporate, investment grade credit guarantees the rent
Address: 2355 Jackson Avenue
City: Ann Arbor
State/County: Michigan
Zip: 48103
Country: United States
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