Walgreens

2826 North Doctor Martin Luther King Drive - Milwaukee WI 53212

LTV (Loan to Value)	65.00%	Current NOI	$368,000.00
Interest Rate	4.250%	Capital Rate	5.850%
Fixed Term	10 Years	Land Area	+/- 1.23 Acres
Amortization	25 Years	Lease Type	NNN
Loan Amount	$4,088,888.70	Property Type	Retail
Payment	$22,151.07	Property Lease	Drug Store
Bulding Size	0 SF	Remaining Terms	Approx. 19 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the Walgreens property located at 2826 North Doctor Martin Luther King Drive in Milwaukee, Wisconsin (the “Property”). The Property is offered with an in-place loan that needs to be assumed by buyer at closing (please contact agent for details).

Highlights

Best-in-Class Guaranty by Walgreen Co. (NASDAQ: WBA) – FY2014 (ended August 31, 2014) revenue of $76.39 billion and net income…

Property Description

Milwaukee is the largest city in the state of Wisconsin and both the 31st most populous city and the 39th most populous region in the United States. It is the county seat of Milwaukee County and is located on the southwestern shore of Lake Michigan, at the confluence of three rivers: the Menomonee, the Kinnickinnic, and the Milwaukee. As of the 2010 census, the population of Milwaukee was 594,833 and the population of the Milwaukee-Racine-Waukesha MSA was 2,040,498.Between 2000 and 2009, Milwaukee experienced the first population increase in the last 50 years. Although there was never a period of steep decline, population remained steady over time. However, this new growth has spurred new investment in and around downtown. New skyscrapers, as well as new condos, lofts and apartments have been constructed in neighborhoods on and near the lakefront and riverbanks. New microbreweries are opening, capitalizing on the city’s roots. And infrastructure is improving throughout, building a solid foundation for the future.