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Views: 147 DOM: 261 Updated: 10.14.24 Posted: 04.05.24 Status: Active

Summary

Price $10,450,000
Built/Renov 2008
Tenant Walgreens
Cap Rate 4.45%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 15,243
Lease Start 01-01-2008
#Units 13,532
Price/SF $685.56
Expiration 12-31-2033
Tenant Type Pharmacy
NOI $465,000
R. Term 9.0
Ownership Fee Simple
Rent/SF $30.51
Increases 0.0%/0/yrs
Pop 5Mi 120,023
Lot/AC 1.35
Options 0/0yrs
AHHI 5Mi $72,517

Lease Highlights

  • Walgreens has been operating in this location since 2008
  • The tenant has 9+ years remaining on the current lease term
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located on 43rd Street, with access to 17,000 vehicles passing by daily. The property is across the street from well-known national retailers such as Publix Grocery, Ace Hardware, McDonald’s, Wells Fargo, and Starbucks. Additionally, it is 4 miles from Santa Fe College and 5 miles from the University of Florida. Moreover, it is situated 8 miles from Gainesville...

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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
2028 Total Population : 7,208 45,946 124,215
2023 Total Population : 7,323 46,314 124,715
2023 Employed Civilian Pop : 3,895 24,040 61,995
2023 Total Businesses : 382 1,864 5,740
2023 Average Household Income : $ 114,718 $ 114,152 $ 87,673
2023 Total Consumer Spending : $ 333 M $ 1978 M $ 3905 M
2023 Median Age : 42 43 30
2023 Total Households : 3,409 20,266 51,183
2023 Pop Age 25+: Bachelor's Degree : 1,571 9,956 20,494
2023 Average Home Value : $ 331,123 $ 308,678 $ 300,441
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
NW 39th Ave NW 43rd St 2005 31,000 0.92 mi
NW 39th Ave NW 45th St 2005 38,000 0.95 mi
Northwest 34th Street NW 34th St 2022 16,200 1.03 mi
Northwest 39th Avenue NW 38 St 2022 38,000 1.04 mi
Northwest 39th Avenue NW 53 St 2022 38,500 1.13 mi
NW 34th St NW 39th Ave 2005 16,300 1.30 mi
NW 39th Ave NW 34th St 2005 23,500 1.37 mi
Northwest 43rd Street NW 73rd Ave 2022 15,900 1.45 mi
NW 34th St NW 37th Ave 2005 15,000 1.49 mi
Northwest 39th Avenue NW 31st Ter 2022 29,500 1.49 mi

Listing Broker

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