retail
Ref 700979

Walgreens Store #524 in Arecibo

580 Ave San Luis
00612 Arecibo

Sale Price$ 9,048,857
Space available16,760 ft²

Description

Positioned strategically in a prime location in Arecibo, 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.

Location and Transportation