Walgreens
Fairhaven, MA
Key Details
| Price: | $4,531,034 |
|---|---|
| Cap Rate: | 7.25% |
| Annual Rent: | $328,500 |
| Address: | 220 Huttleston Avenue, Fairhaven, Massachusetts 02719 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 30 Years |
|---|---|
| Lease Commencement: | 9/19/2002 |
| Lease Expiration: | 9/30/2032 |
| Lease Term Remaining: | 7.7 Years |
| Rental Increases: | None |
| Lot Size: | 1.70 Acres |
| Building Size: | 15,120 SF |
| Year Built: | 2002 |
NNN Pro is pleased to present the exclusive listing for a Walgreens located at 220 Huttleston Avenue, Fairhaven, Massachusetts 02719. The site consists of roughly 15120 rentable square feet of building space on an estimated 1.7-acre parcel of land. This Walgreens is subject to a 30-year Double Net (NN) lease, which commenced 9/19/2002. The current annual rent is $328,500 and has scheduled increases of None.
About the Investment
- Approximately 8 (Eight) Years of Lease Term Remaining| Minimal Landlord Responsibilities
- Corporate Guarantee | $139 Billion Revenue Company
- Eight (8), Five (5) Year Options | Potential To Extend Lease An Additional 40 Years
Key Details
| Price: | $4,531,034 |
|---|---|
| Cap Rate: | 7.25% |
| Annual Rent: | $328,500 |
| Address: | 220 Huttleston Avenue, Fairhaven, Massachusetts 02719 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 30 Years |
|---|---|
| Lease Commencement: | 9/19/2002 |
| Lease Expiration: | 9/30/2032 |
| Lease Term Remaining: | 7.7 Years |
| Rental Increases: | None |
| Lot Size: | 1.70 Acres |
| Building Size: | 15,120 SF |
| Year Built: | 2002 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Josh Kanter
jkanter@nnnpro.com
License: NY: 10401294056
Stewart Hickey
shickey@nnnpro.com
License: NY: 10401370869
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Broker of Record
Brian Brockman
Bang Realty-New England, Inc
License: 1000169
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.