Rare Walgreens NNN Leased Investment - Rare Rental Increases

- Rare Silicon Valley NNN leased Walgreens located on Almaden Expy and Foxworthy Ave.
- Rare 10% increases every 10 years.
- 13 years of primary term remaining with a total of 75 years on the lease. Tenant has option to terminate lease with 12-month notice after 08/31/2037.
- Assumable financing with attractive 4.35% interest rate, loan balance of approx. $4,800,000.
- Tenant responsible for all taxes, insurance, and maintenance (excluding roof and structure).
- 2012 construction build with a drive-thru pharmacy.
- 117 parking spaces.
- Relocation from a 40-year location 0.50-miles away at the corner of Almaden Expy and Koch Ln.
- High barrier to entry market.
- Dense population with 1,363,104 in a 10-mile radius.
- Strong demographics with household incomes of $171,218 in a 1-mile radius.
- Located on the corner of Almaden Expy and Foxworthy Ave near Capitol Expressway.
- Signalized intersection with exposure to over 50,000 vehicles per day.
- Large 1.25-acre lot in the neighborhood/community commercial general plan designation and Almaden Expressway/Hillsdale Avenue urban village designation.