Walgreens For Sale - 8.7% Cap Rate NNN Investment

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Services for Real Estate Pros with 011-972-52-7700588

                                                                     
                                                                     
                                                                     
                                             
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			<b><font size="4" color="#800000">WALGREENS
			<a href="http://yossideals.com">NNN Investment</a> Cap rate 8.70%
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					<td valign="top" width="203">&nbsp; located in Conway, SC<p>
					<a href="http://yossideals.com">
					<img src="http://yossideals.com/site/images/Walgreens_1_thumbnail.jpg" style="border: medium none;"></a></p>
					<p>&nbsp;</td>
					<td valign="top" width="321">
					<ul>
						<li>25-Year Absolute Net Lease with 18 Years Remaining 
						and Five Five-Year Options</li>
						<li>Standard &amp; Poor's A+ Rated Credit Tenant</li>
						<li>Property is Across from Belk, Kmart and Dollar 
						General Anchored Shopping Center</li>
						<li>Main Intersection with Traffic Counts of 55,000 
						Vehicles Per Day <br>
						<br>
						<br>
&nbsp;</li>
					</ul>
					<p align="right">
					<span style="font-size: small; color: rgb(128, 0, 0);"><b>
					Price/Cap Rate:&nbsp; <a href="http://yossideals.com">
					$3,000,000/8.70%</a></b></span></td>
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		<a href="http://yossideals.com">
		<img src="http://yossideals.com/site/images/Walgreens_Small_.jpg" style="border: medium none;"></a><br>
		<br>
		<br>
		This investment offering consists of the leasehold interest in a 
		14,490-square foot Walgreens location on a large 1.79- acre parcel in 
		Conway, South Carolina MSA. Conway is the county seat of Horry County in 
		Coastal Carolina and part of the Grand Strand. It is estimated that the 
		daily population in the area averages more than three times that of 
		permanent residents with the number climbing much higher during peak 
		tourist season.<br>
		<br>
		Walgreens has a 25-year absolute net lease which commenced in April 2003 
		and has 18 years remaining on the base term and five five-year options. 
		Walgreens is a Standard &amp; Poor's A+ rated credit tenant and number 36 on 
		the Fortune 500 list. The property is subject to a ground lease with 
		terms that coincide with those of the <a href="http://yossideals.com">
		Walgreens</a> lease.<br>
		<br>
		The property is located on a major commercial intersection with traffic 
		counts of <a href="http://yossideals.com">55,000 vehicles</a> per day. 
		It is adjacent to Applebee's and Chic-Fil-A and across from a Belk, 
		Kmart and Dollar General anchored shopping center. It is an outparcel to 
		a proposed shopping center.<br>
		<br>
		Walgreens is located on Church Street (Highway 501) one of the main 
		arteries running through the area.<br>
		<br>
		<br>
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						<span style="font-size: medium; color: rgb(128, 0, 
0);"><b><a href="http://yossideals.com">Deal Summary</a></b></span></td>
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						<td nowrap="nowrap" valign="bottom" width="163">Property 
						Location</td>
						<td valign="bottom" width="140">
						<p align="right">Conway South Carolina</td>
					</tr>
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						<td nowrap="nowrap" valign="bottom" width="163">Price</td>
						<td nowrap="nowrap" valign="bottom" width="140">
						<p align="right">$3,000,000</td>
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						<td nowrap="nowrap" valign="bottom" width="163">Nol</td>
						<td nowrap="nowrap" valign="bottom" width="140">
						<p align="right">$261,000</td>
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						<td nowrap="nowrap" valign="bottom" width="163">Year 
						Built</td>
						<td nowrap="nowrap" valign="bottom" width="140">
						<p align="right">2003</td>
					</tr>
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						<td nowrap="nowrap" valign="bottom" width="163">Rentable 
						SF</td>
						<td nowrap="nowrap" valign="bottom" width="140">
						<p align="right">14,490</td>
					</tr>
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						<td nowrap="nowrap" valign="bottom" width="163">Land 
						size</td>
						<td nowrap="nowrap" valign="bottom" width="140">
						<p align="right">1.79 Acres</td>
					</tr>
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						<td nowrap="nowrap" valign="bottom" width="163">Lease 
						Commencement Date</td>
						<td nowrap="nowrap" valign="bottom" width="140">
						<p align="right">13-Apr-03</td>
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						<td nowrap="nowrap" valign="bottom" width="163">Rent 
						Commencement Date</td>
						<td nowrap="nowrap" valign="bottom" width="140">
						<p align="right">13-Apr-03</td>
					</tr>
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						<td nowrap="nowrap" valign="bottom" width="163">Lease 
						Expiration Date</td>
						<td nowrap="nowrap" valign="bottom" width="140">
						<p align="right">18 Years</td>
					</tr>
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						<td nowrap="nowrap" valign="bottom" width="163">Lease 
						guarantor</td>
						<td nowrap="nowrap" valign="bottom" width="140">
						<p align="right">Corporate Guarantee</td>
					</tr>
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						<td nowrap="nowrap" valign="bottom" width="163">Lease 
						Type</td>
						<td nowrap="nowrap" valign="bottom" width="140">
						<p align="right">Absolute Net</td>
					</tr>
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						<td nowrap="nowrap" valign="bottom" width="163">Lease 
						Term</td>
						<td nowrap="nowrap" valign="bottom" width="140">
						<p align="right">25 Years</td>
					</tr>
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						<td nowrap="nowrap" valign="bottom" width="163">Option</td>
						<td nowrap="nowrap" valign="bottom" width="140">
						<p align="right">Five 5-Year Options</td>
					</tr>
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						<td nowrap="nowrap" valign="bottom" width="163">Current 
						Cap Rate</td>
						<td nowrap="nowrap" valign="bottom" width="140">
						<p align="right">8.70%</td>
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				<p>&nbsp;</td>
				<td valign="top" width="319">
				<p align="center"><span style="color: rgb(128, 0, 0);"><strong>
				<span style="font-size: medium;">Highlight Investment</span></strong></span></p>
				<p align="center">&nbsp;</p>
				<ul>
					<li>25-Year Absolute Net Lease with 18 Years Remaining and 
					Five Five-Year Options</li>
					<li>&nbsp;Standard &amp; Poor's A+ Rated Credit Tenant</li>
					<li>&nbsp;Property is Across from Belk, Kmart and Dollar General 
					Anchored Shopping Center</li>
					<li>&nbsp;Additional Area Retailers Include Rite Aid, Applebee's, 
					Chic-Fil-A, UPS, Arby's and Rent-a-Center</li>
					<li>&nbsp;Main Intersection with Traffic Counts of 55,000 
					Vehicles Per Day</li>
					<li>&nbsp;Large 1.79-Acre Parcel </li>
				</ul>
				<p>&nbsp;</td>
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