Walgreen Co.

1911 North Broadway Street - Pittsburg KS 66762

LTV (Loan to Value)	65.00%	Current NOI	$294,348.00
Interest Rate	4.250%	Capital Rate	5.850%
Fixed Term	10 Years	Land Area	2.50 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$3,270,475.00	Property Type	Retail
Payment	$17,717.41	Property Lease	Drug Store
Bulding Size	14,726 SF	Remaining Terms	14 Years

Location Description

NNN Lenders is pleased to exclusively offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the Walgreens property located at 1911 North Broadway Street in Pittsburg, Kansas (the “Property”). The Property was constructed in 2004 as a built-to-suit Walgreens. The Property is fully leased by Walgreen Co., operating under a seventy-five (75) year base lease term with the option to terminate with 12 months' notice after the 25th year and every five years thereafter. Current annual rent is $294,348 or $19.86 PSF. Walgreens' lease is absolute NNN with no landlord responsibilities for maintenance, repair or replacement throughout the term. Following the initial 25 year base term, Walgreens has ten Effective Option Periods of five years each.

Highlights

14 Years Remaining of Base Lease Term – The Property features a 25 year base lease with more than 14…

Property Description

The subject property is located at the corner of North Broadway Street and East 20th Street. North Broadway Street is Pittsburg's main thoroughfare and surrounding retail tenants include: Sonic, Ace Hardware, Walmart, Wendy's, Big Lots, Starbucks, Dollar General, The Home Depot, McDonald's, Aldi, and more. The property is located approximately 0.6 miles north of the Community Health Center - Southeast and 1.4 miles southwest of the Community Health Center - Main Campus. Pittsburg is a city in Crawford County, in southeastern Kansas. It is the most populous city in Crawford County and in southeastern Kansas. As of the 2010 census, the city population was 20,233.