Subject property includes a 14,469sf freestanding, single story, single tenant building located on a prominent, high traffic, corner lot in Forest, VA. Asset was built for and is occupied by Walgreens Corp., the number one retail pharmacy in the country. The offering is secured by a 25yr absolute NNN lease requiring zero landlord responsibilities. The lease currently has 17 fixed years remaining on the initial term, followed by ten tenant termination options at 5 year increments. This location benefits from excellent visibility and access at the signalized corner and limited local competition. It is situated in a densely populated area and offers a dual drive-thru pharmacy. Rent and price point of the subject property are substantially lower than comparable properties of similar quality. The property is offered free and clear of any existing debt. The asset affords an investor the rare opportunity to acquire a maintenance free, passive net leased investment, in an attractive Virginia location, with the security of a long term lease guaranteed by one of the strongest retail tenants in the country.

Location Description:

Subject property is ideally located on a signalized corner at the intersection of Forest Rd. and Enterprise Dr., in the heart of Forest, VA. The location benefits from high traffic counts, excellent visibility at the corner as well as ingress/egress points on both streets. Forest is a town in Bedford County, VA. It is a western suburb of Lynchburg, 5 miles from downtown, and is part of the Lynchburg MSA. Forest has a direct population of ~10,000 people, which grows to over 250,000 people within the total MSA. The Lynchburg MSA is the 5th largest in Virginia and is located 100 miles west of downtown Richmond. Lynchburg features a skilled labor force, low unemployment rate, and below average cost of living. Of Virginia's larger metro areas, Forbes Magazine ranked Lynchburg the 5th best place in Virginia for business in 2006, with Virginia being the best state in the country for business. Lynchburg achieved the rank of 109 in the whole nation in the same survey. Lynchburg's top employers are: Centra Health, Liberty University, Areva & Genworth Financial.

Highlights:

>> Absolute NNN Lease- Zero LL Responsibilities; 17+ Years Remaining On Initial 25yr Term

>> Walgreens Corporate Guarantee (NYSE: WAG); $60b+ Market Cap; Offered Free And Clear Of Debt

>> Lynchburg MSA; Signalized Intersection; Fantastic Ingress/Egress

>> Attractive All Brick Construction With Dual Drive-Thru Pharmacy

Sales Info:

>> Commision split: 50.0%