Building Size | 16,588 Square Feet |
Land Size | 1.95 Acres |
Zoning | - |
Year Built | 2001 |
Cap Rate | 6.23% |
Positioned strategically in a prime location in Ponce, Puerto Rico, this store serves as an essential healthcare and retail center for its community. With a well-established presence and a trusted tenant in Walgreens, this property offers investors a stable income stream and the potential for long-term growth. This Walgreens store is an ideal investment for those seeking a secure and attractive opportunity, with a brand-new 17-year lease and consistent 10% rent increase every 5 years. Additionally, there are twelve consecutive 5-year options to renew automatically in place, ensuring long-term stability.
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The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.