Walgreens, Walgreens, Walgreens is all I'm hearing

There is still so much demand for Walgreens net leased properties. Calls and emails galore asking for Walgreens NNN investments. REIT's, doctors, lawyers, 1031's, even school teachers you name it… the demand for NNN Walgreens is as high as 2006/2007 and cap rates  show it. Fresh out of the ground WAG properties with 24-25 years are coming to market as low as 5% with an average of 5.75% cap rate.

Older Walgreens deals with 20+ years are 6.35% to 6.8%. 10 year deals are in check with other net leased tenants at 7-8 caps.

As always, here are some Walgreens NNN deals that caught my eye in buyer searches.  For details on the properties below or to get a full list of Walgreens for sale, please email TMO or call 1-866-539-1777.

Walgreens For Sale

Triple Net Walgreens in Michigan $6,160,000 Cap Rate:6.25% Retail, Free Standing Building, Net Lease Investment

Net Leased Walgreens in Florida Price: $3,304,000 Cap Rate: 5.75% Strong Corporate Guarantee - Revenue over $63.35B in 2011, 75 year Simple Ground lease, America’s no.1 drug store.

Walgreens NNN in CA $5,536,000 Cap Rate: 6.50% Free-Standing Walgreens, A Rated Credit Tenant, Exceptional North Fresno Location, Hard Corner at Signalized Intersection and Vibrant Commercial Area Near High-End Residential

NNN Walgreens in Colorado $7,083,333 Cap Rate: 6.00% Walgreens in Colorado with Average HH Income of $169,996

More Walgreens For Sale

What is Triple Net NNN? Triple net lease definition

What is a Triple Net Lease? Here is a quick summary of the triple net lease definition: A lease in which the lessee (tenant) pays rent to the lessor (landlord), as well as all taxes,insurance, and maintenance expenses that arise from the use of the property. The base rent is "net" to the landlord and landlord does not pay any expenses for operation of the property.

What Does Triple Net Lease Mean? A lease agreement that designates the lessee (the tenant) as being solely responsible for all of the costs relating to the asset being leased in addition to the rent fee applied under the lease. The structure of this type of lease requires the lessee to pay for net real estate taxes on the leased asset, net building insurance and net common area maintenance. The lessee has to pay the net amount of  three types of costs, which how this term got its name: net, net, net or NNN or Triple Net

Triple Net Lease is also be referred to as a "net-net-net lease" or a "hell or high water lease"

This is how Investopedia explains Triple Net Lease

For example, if a property owner leases out a building to a business using a triple net lease, the tenant will be responsible for paying the building's property taxes, building insurance and the cost of any maintenance or repairs the building may require during the term of the lease. Because the tenant is covering these costs (which would otherwise be the responsibility of the property owner), the rent charged in the triple net lease is generally lower than the rent charged in a standard lease agreement. This is also called the net rent or base rent.

Contact TMO to find out more about the benefits of Triple Net Leased Real Estate Investments. 1.866.539.1777

Typical net leased properties and net leased investments are leased to investment grade credit tenants such as:

• Walgreens
• Best Buy
• Home Depot
• Lowes
• Wal-Mart
• McDonalds
• Burger King
• Auto Zone
• Checker Auto
• Tractor Supply Company
• and many other triple net lease tenants

Net Lease Properties News You Should Know About

This Week's Net Lease Properties News We stay updated on what is happening in the NNN market and thought you would want to also.  Here are some of the top stories this week from around the country.  If you don't feel like reading it, simply call Thomas and he can tell you about it: 1.866.539.1777.  Enjoy!

Lucrative Investment Opportunity-net Lease Retail Condo | Get Loans Reston, VA-Net lease investors interested only in freestanding retail properties are ignoring a very lucrative investment opportunity–net lease retail condos. These properties offer many of the same benefits as traditional net lease ... more net lease properties news

Faris Lee To Market 1M-SF Net Lease Retail Portfolio “We'll go out with the net leased properties first, followed by the vacant properties.” Faris Lee Capital, Faris Lee Investment's financial arm, ... more net lease properties news

GlobeSt.com - Events & Networking - RealShare Net Lease 2011 One ticket to RealShare NET LEASE networking conference ... to explore major international property development projects, connect with potential partners, ...more net lease properties news

Tower Radiology sells four offices to Broadstone Net Lease Tower agreed to a 15-year, absolute net lease as the single tenant within each property. The medical group retains control of its own property management ...more net lease properties news

As you know, TMO offers clients a full range of passive real estate investments and Triple Net Properties.  These real estate investments provide passive hassle free cashflows, reduce or defer tax liabilities, and provide peace of mind.

NNN Properties For Sale

You may also be interested in: triple net lease definition, net lease properties, net lease drug stores, and net lease investments, if so contact TMO today for a FREE evaluation of your NNN purchase or NNN selling needs.  TMO can be reached by email here or via phone at 1.866.539.1777 or twitter: @andrusmorgan  Hope to hear from you soon!

What is Triple Net NNN? Here is triple net lease definition