OFFERED AT: $6,555,000 | 5.50% CAP CONSISTENTLY STRONG SALES | ABOVE NATIONAL AVERAGE FOR WALGREENS 14+ YEARS REMAINING ON FIRM LEASE TERM (S&P: BBB) ALLENTOWN, PA Actual Property EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW TABLE OF CONTENTS EXECUTIVE SUMMARY 4 Offering Summary 5 Investment Highlights 6 Lease Summary & Rent Overview 7 Loan Assumption PROPERTY INFORMATION 9 Location Maps 10 Property Photos 11 Neighboring Tenants 13 Aerials TENANT OVERVIEW 19 About Walgreens AREA OVERVIEW 21 Allentown Overview 22 Lehigh Valley Overview 23 Demographics Confidentiality Agreement & Disclosures EXCLUSIVELY LISTED BY RYAN BARR RYAN BENNETT Principal Principal 760.448.2446 760.448.2449
[email protected] [email protected] Color Scheme RGB R:145 / G:0 / B:40 CMYK C:0 / M:100 / Y:65 / K:47 RGB R:119 / G:120 / B:123 CMYK C:0 / M:0 / Y:0 / K65 Fonts GOTHAM/ BLACK GOTHAM/ MEDIUM GOTHAM/ LIGHT Listed in conjunction with Pennsylvania real estate broker Actual Property DZ Net Lease Realty, LLC license RB067686 WALGREENS | Allentown, PA | 2 EXECUTIVE SUMMARY ALLENTOWN, PA EXECUTIVE SUMMARY PROPERTY INFORMATION TENANT OVERVIEW AREA OVERVIEW • Offering Summary • Investment Highlights Lease Summary & Rent Schedule Loan Assumption -- OFFERING SUMMARY -- INVESTMENT HIGHLIGHTS PROPERTY OVERVIEW Offering Price: $6,555,000 Address: 1702 W Tilghman St Allentown, PA 18104 Net Operating Income: $365,500 Property Size: Approx 15,064 Sq. Ft. Cap Rate: 5.50% Land Size: 1.52 Acres Price/SF: $435 Ownership: Fee Simple (Land, Building) LOAN ASSUMPTION (Can be assumed or Seller will defease) Year Built: 2001 Equity Requirement: $1,955,000 Store #: 5715 Cash on Cash Return: 7% Debt Service (I/O): $228,160 Annual Cash Flow: $137,340 Lee & Associates, in conjunction with Pennsylvania real estate broker DZ Net Lease Realty, LLC license RB067686, is pleased to exclusively offer for sale, the fee simple interest (land & building) in a Walgreens property located in Allentown, PA (the “Property”).