Property is being sold debt free subject to the terms and conditions of the lease with Walgreens which contains 10 five year options to renew. Base income is subject to increase via a percentage rent clause. Tenant holds a First Right of Refusal with a 30 day period. Walgreens rarely exercises such options. The lease is a true NNN lease with the tenant responsible for all maintenance and repairs including roof and structure. Lease Guarantor is Walgreens Company.

Location Description:

Excellent Signalized corner location at Jack Tone Rd. and Main Street; the entrance to the town of Ripon CA. Ripon is a high growth area in the San Joaquin valley with high level income demographics. Subject property is adjacent to O'Reilly Auto Parts.

Highlights:

>> Stable long term investment

>> Strong Store Sales History

>> Outstanding Credit Tenant

>> Excellent California location

>> Signalized corner location

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Sales Info:

>> Cap rate: 5.75%

>> Commision split: 1.75%

>> NOI: $326575