Walgreens - Oroville, California
Sales Price: $5,475,000
Cap Rate: 6.03%
Guarantor: Investment Grade Credit (BBB)
Term Remaining: 11 years
Rent Increases: 3% in 2026
Over a year long assignment, the family had engaged NLX to assist with their 1031 exchange goals of trading out of a non-performing asset in favor of a steady and reliable income stream. After a few setbacks with the sale of their down-leg, NLX managed to source a Walgreens located outside a hospital in a strong submarket with nominal landlord responsibilities. The family benefited with higher monthly cash flow from an investment grade credit tenant on a long term lease.
"Thank you for all your hard work in helping our family. We couldn't have done it with you!" - Khalid
- Property Type
Retail
- Total Acres
0.35
- Last updated
Jul 17, 2023
- Property ID
2186956
