We completed a cost segregation study on a Walgreens property in a NNN lease situation. It has over 15,000 s.f. with 22 of 25 years remaining on their lease. We reclassified 21.7% of the property from 39-year to 5- & 15-year asset categories…this gave the client over $400,000 in after-tax cash, reduced the real estate taxes by $4,100 and lowered the property insurance premiums too.
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