Walgreens
Barneveld, New York
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NNN Pro Group is pleased to present the exclusive listing for a Walgreens located at 8052 State Route 12, Barneveld, NY 13304. The site constructed in 2004, consists of roughly 13,813 rentable square feet of building space and sits on an approximately 2.5-acre parcel of land.
Walgreens is subject to a ±11.1-year triple-net (NNN) lease, which commenced on November 1st, 2004. The lease has been extended until 07/18/2045 with an initial option on 03/31/2034. The current annual rent is $304,431 and is scheduled to increase be approximately 2.2% every 5 years beginning 2025.
✓ Long-Term ±11.1-Year Absolute Triple Net (NNN) Lease
✓ Four (4) Rental Increases Every Five (5) Years
✓ Three (3) – Five (5) Year Tenant Options
✓ Highly Visible Storefront with Drive Thru and a Large Parking Lot
✓ 13,813 SF Freestanding Building on 2.5 Acres of Land
✓ Corporate Location, Corporate Guarantee by Walgreens | Built in 2004