Walgreens

3222 South Main Street - Joplin MO 64801

LTV (Loan to Value)	65.00%	Current NOI	$274,865.00
Interest Rate	4.250%	Capital Rate	6.010%
Fixed Term	10 Years	Land Area	+/- 1.70 Acres
Amortization	25 Years	Lease Type	Modified NNN
Loan Amount	$3,250,000.00	Property Type	Retail
Payment	$17,606.49	Property Lease	Drug Store
Bulding Size	0 SF	Remaining Terms	Approx. 12 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 on the southwest corner of South Main Street and West 32nd Street in Joplin, Missouri (the “Property”). The Property is a former May’s Drug Store acquired by Walgreens in 2012 as part of a 144-store transaction between Walgreens and USA Drug (who had bought May’s in 2004).

Highlights

Best-in-Class Guaranty by Walgreen Co. (NASDAQ: WBA) – BBB/Stable rating by S&P with FY2014 (ended August 31, 2014) revenue of…

Property Description

Joplin is a city in southern Jasper County and northern Newton County is the southwestern corner of Missouri. Although not the county seat, it is the largest city in Jasper County. As of the 2010 census, the city population was 50,150, which represented an increase of 10.2% since 2000 and a 22.4% increase over the last 20 years. The surrounding Metropolitan Statistical Area had an estimated population of 174,237 in 2011.Due to its location near two major highways, the nearly 2,500 hotel rooms available and its many event and sports facilities, Joplin attracts travelers and is a destination for conferences and group events. The 30,000 square-foot John Q. Hammons Convention Center is located in the city’s Hotel District with easy access to I-44 and I-49 and near a number of Joplin’s major employers and attractions.