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11300 Nuckols Rd
Glen Allen, VA 23059

$6,175,000

Freestanding For Sale  •  13,788 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 13,650 Sq Ft
  • Lot Size 1.91 ac
  • Building Class B
  • Year Built 2003
  • Cap Rate 5.90 %
  • Tenancy Single
  • Zoning B-2
0 Transit Score
63 Walk Score

Description

We are pleased to offer to qualified investors an opportunity to purchase an investment grade single tenant NNN leased investment that is fully leased to Walgreen Co. with 8.3 years remaining on the base term and 10 - 5 year option periods. Comprised of a 13,650 SF building and situated on a large 1.91 acre lot; the subject property is located just off Interstate 295 in the highly affluent community of Glen Allen (~12 miles from downtown Richmond, VA) and benefits from its highly visible hard corner signalized intersection positioning as well as its proximity to major traffic generators such as Publix and Food Lion. This is an excellent opportunity to purchase a true investment grade tenant - “BBB” by S&P’s, with 8+ years remaining, on an absolute NNN Lease providing passive income through zero landlord responsibilities.

Highlights

Walgreens (NASDAQ: WBA) is rated “BBB” by S&P’s - Investment Grade Credit
8.3 Years Remaining on the Base Term with 10 - 5 Year Option Periods
Excellent Yr 1 Cash-on-Cash Return of 8.13%
Absolute NNN Lease - Zero Landlord Responsibilities - Ideal 1031 Exchange Asset
Over $131 Billion in Corporate Revenue - Net Income Over $5 Billion
Ranked 17th in Fortune Global 500 - 2nd Largest Pharmacy Store Chain in U.S.
Cap Rate: 5.90 %

Public Transportation

AirportDriveWalkDistance
Richmond International Airport 43 min - 25.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 68
Type: Surface
Included in Rent: Yes
Eric Carlton 949-724-5561 Colliers International
Eric Carlton 949-724-5561 Colliers International