Wednesday, September 17, 2008

Sunnyvale Walgreens Asking Price $10,240,000

Construction is Complete

Walgreens
Sunnyvale, CA
  • Freestanding Walgreens
  • Lease is 75 year NNN lease; 14,820 square feet with drive thru
  • A rare 10% increase every 10 years
  • Walgreens was ranked #1 among food & drugstores by Fortune Magazine Most Admired Corporations in America (2006)
  • Strong neighboring tenants (Best Buy & PetSmart)
  • Price $10,240,000 or a 5.5% CAP-$563,160 Annual Income, Year 11-$619,476 Annual or a 6.1% CAP

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