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Walgreens
Sale Price:
$ 5,781,250
NOI:
$ 370,000.00
/ year + % from gross sales.
Cap Rate:
6.40%
Rent Adjustments:
Years 1-5: $370,000
Years 6-75: $376,600
Building Sq. Feet:
14,820
Lease Term (Years):
75.00
Lot Size:
50,155 Sq.Ft.
Lease Type:
NNN
Percentage Rent:
2% of gross sales except from the sale of food and prescription items and 0.5% of gross sales of food and prescription items.
Property Type:
Retail
LEASE NOTES
Net, Net, Net. No landlord responsibilities. *Building SF is estimated and subject to change.
*Lease is a true 75 year Lease with no options to terminate until after 75 years. Lease expires in 2084
.
Verizon Wireless
Sale Price:
$ 1,021,252
NOI:
$ 83,232.00
/ year
Cap Rate:
8.15%
Rent Adjustments:
Years 2-3: $83,232
Years 4-10: 2% annual increase.
Building Sq. Feet:
3,240
Lease Expiration:
Lease Term (Years):
February 2017
10.00
Lot Size:
22,725 Sq.Ft.
Lease Type:
NNN
Percentage Rent:
N/A
Property Type:
Retail
Yr. Built/Renovated:
1985 / 2007
Lease Renewal Options:
One 5-year options.
LEASE NOTES
Net. Net. Net. No landlord responsibilities. NOI is based on lease year 3. If there is a discrepancy in years 2 & 3 NOI, buyer will be credited at closing.
Pizza Hut
Sale Price:
$ 517,668
NOI:
$ 45,296.00
/year
Cap Rate:
8.75%
Rent Adjustments:
Years 4-5: $45,296
Years 6-10: lessor of 10% or 1.25 times CPI
Years 11-15: lessor of 10% or 1.25 times CPI
Price/Sq. Foot:
$ 282.88
Rent/Sq. Foot:
$ 24.75
State:
MN
Lease Commencement:
May 2005
County:
Rent Commencement:
May 2005
Building Sq. Feet:
1,830
Lease Expiration:
Lease Term (Years):
May 2020
15.00
Lot Size:
0.32 Acres
Lease Type:
NNN
Percentage Rent:
N/A
Property Type:
Retail
Yr. Built/Renovated:
1968 /
Lease Renewal Options:
Four 5-year options
LEASE NOTES
Net, Net, Net. No landlord responsibilities.
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