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Views: 92 DOM: 200 Updated: 11.22.24 Posted: 06.04.24 Status: Active

Summary

Price $3,665,000
Built/Renov 2006
Tenant Walgreens
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 12,689
Lease Start 11-01-2024
#Units 13,532
Price/SF $288.83
Expiration 12-31-2035
Tenant Type Pharmacy
NOI $247,350
R. Term 11.0
Ownership Fee Simple
Rent/SF $19.49
Increases 5.0%/5/yrs
Pop 5Mi 21,986
Lot/AC 2.27
Options 12/5yrs/5%
AHHI 5Mi $92,980

Lease Highlights

  • Walgreens has 11+ years remaining on the current lease term with 12 (5-year) options to extend
  • The lease features 5% rental increases every 5 years throughout the initial term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located on Crawfordville Hwy, the main thoroughfare, with access to a daily traffic count of 20,000 vehicles. The property is surrounded by well-known national tenants, including Publix, Tractor Supply, Winn Dixie, Ace Hardware, and more. The 5-mile trade area is supported by a population of 21,986 residents with an average household income of $92,980. Crawfordville...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Walgreens is an American company that operates the second-largest pharmacy store chain in the United States. It specializes in filling prescriptions, health and wellness products, health...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,171 12,009 21,192
2024 Total Population : 3,009 11,384 19,926
2024 Employed Civilian Pop : 1,666 6,156 10,393
2024 Total Businesses : 196 473 576
2024 Average Household Income : $ 105,234 $ 105,309 $ 99,224
2024 Total Consumer Spending : $ 94 M $ 389 M $ 651 M
2024 Median Age : 40 40 40
2024 Total Households : 1,035 4,255 7,498
2024 Pop Age 25+: Bachelor's Degree : 360 1,296 2,101
2024 Average Home Value : $ 269,259 $ 260,509 $ 261,403
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Crawfordville Highway Trice Ln 2022 17,500 0.13 mi
Trice Lane Crawfordville Hwy 2022 1,600 0.22 mi
Trice Lane Guinevere Ln 2020 3,600 0.55 mi
Trice Lane Crawfordville Hw 2022 4,500 0.55 mi
Wakulla-Arran Road Carousel Cir 2022 4,100 0.95 mi
Shadeville Rd Lacy PkDr 2011 3,000 1.05 mi
Shadeville Road Ridgeway Ct 2022 3,000 1.08 mi
Crawfordville Hwy Shadeville Rd 2011 15,082 1.16 mi
Shadeville Road Crawfordville Hw 2022 3,000 1.21 mi
Lower Bridge Rd Rehwinkel Rd 2011 5,900 1.21 mi

Listing Broker

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