|Net Operating Income (NOI)||$697,860|
|Lease Term Remaining||7 Years|
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- Property is NNN leased to Walgreens, with a corporate guarantee through 2027 with 4, 5-year renewal options
- 10% rent increases every 5 years, with the next increase occurring in 2023
- Strong retail corridor with many credit tenants such as 7-Eleven, Dunkin’, Chase, TD Bank, CitiBank and T-Mobile
- 3 floors and 60 feet of frontage
- Walgreens S&P Credit Rating: BBB
- 7,440+/- SF of unused air rights offer a purchaser the ability to increase the size of the property
Net Lease Advisor
For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.
1405 Avenue J