NNN Pro Group is pleased to present the exclusive listing for a Walgreens located at 1 South Kingshighway, Cape Girardeau, MO 63703. The site consists of roughly 13,502 rentable square feet of building space and sits on an approximately 1.1-acre parcel of land. Walgreens is subject to a ±6-year double-net (NN) lease, which commenced on January 7th, 1995. The lease expires on 01/31/2030 and has 5-5 Yr. options remaining. The current annual rent is $198,655 and is scheduled to remain flat until 01/31/2055.
Approximately 6 Years Remaining on a Double-Net Lease | Strong Site Commitment –Lease Commenced in 1995
Top Ranking Walgreens in Site Visits According to Placer.AI | Ranked in the 93rd Percentile of all Walgreens Locations Nationally in Site Visits (Top 6.2% | 478/7,711)*
Corporate Location, Corporate Guarantee by Walgreens | Strong Site Commitment
Five (5) – Five (5) Year Tenant Renewal Option Periods Bringing Lease Term Up to 31 Years
13,502 SF Freestanding Building on 1.1 Acres of Land
Highly Visible Storefront with Drive Thru and a Large Parking Lot on a Signalized Intersection
