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Updated almost 7 years ago on . Most recent reply

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John C
  • Member since Dec 1, 2010
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John C
  • Member since Dec 1, 2010
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John C
0
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15
Posts
General Real Estate Investing

Walgreens ground lease

John C
Posted

There is a listing for a walgreens ground lease I noticed on the internet. The walgreens is on a hard corner in the outskirts of the city. The asking price is $2M with a 4% cap rate, basically it's only making $80K per year for quite a while. I don't understand, how did it come to this? How did walgreens work out a deal were they only pay 80K for years to come. And why would the owner allow this deal to happen?

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