CVS | Strong Corporate Lease | High Performing Location
Millerton, NY
Walgreens | Strong Reported Sales | Absolute NNN Lease
110 Walnut St Highland, IL
Price: $3,733,000
Status: Available
Cap Rate: 7.5%
Year Built: 2004
NOI: $280,000
Lot Size: 1.35 acres
Price Per Foot: $252
Lease Type: Triple-Net (NNN)
Remaining Term: 11.9
GLA: 14,820 sqft
Property Intro
Lee & Associates and Bang Realty are pleased to present an investment opportunity in a Walgreens located in Highland, IL. With absolute triple net lease structure and no landlord responsibilities, this is an attractive asset for a qualified investor.
investment highlights
Strong Reported Sales – 10% Rent to Sales Ratio – Mitigated Future Vacancy Risk
Early Lease Extension (July 2024) – 11.5 Years Remaining on Absolute NNN Lease
Out Positions & Outperforms CVS within Highland Market – Walgreens Receives Double the Customer Visits (Source: Placer.ai)
Critical Business Driver – Less than 1 Mile from HSHA St. Joseph’s Hospital – Serving Highland and Surrounding Communities for over 135 Years
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