Sold League City Walgreens

League City Walgreens - Single tenant investment property

1088 W. Main Street
League City, TX 77573

Investment Summary

Purchase Price: $5,430,000

CAP: 6%

NOI: $325,800

Base Rent PSF: $22.48 PSF

Lease Type: Double Net

Landlord Responsibility: Roof & Structure

Leased thru May 1, 2067.  Tenant has the right to terminate every 5 years beginning May 1, 2027.

Built in 2001

Building Area: 14,490 SF

Lot Size: 88,669 SF

Available for new market rate debt.

 

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