Walgreens NNN Property For Sale — Seattle (Tukwila), WA
3716 S. 144th Street, Seattle (Tukwila), WA
A prime investment opportunity featuring a portfolio of three Walgreens properties strategically located in major metropolitan statistical areas: Seattle, Washington; Spokane, Washington; and Oklahoma City, Oklahoma. These properties boast strong store sales and offer absolute NNN leases, ensuring zero landlord responsibilities. The leases are backed by an investment-grade corporate guarantee from Walgreens Pharmacy (NASDAQ: WBA; S&P: BBB). The portfolio benefits from attractive assumable interest-only financing with over 6 years remaining at a favorable blended fixed interest rate of 4.76%, delivering an impressive 6.7% cash-on-cash return. Each location includes a convenient drive-thru.
- Address: 3716 S. 144th Street, Seattle (Tukwila), WA
- Asking price $22.30M
- 5.47% cap rate
- NOI $1.22M
- 15 years remaining
- NNN lease
- Building size: 37,718 SF
- Guarantor: Corporate
Location
This Walgreens property is at 3716 S. 144th Street in Seattle (Tukwila), Washington.
Asset type: Retail