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Views: 72 DOM: 148 Updated: 10.17.24 Posted: 06.26.24 Status: Active

Summary

Price $2,634,730
Built/Renov 1993
Tenant Walgreens
Cap Rate 8.35%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 13,620
Lease Start 08-01-1993
#Units 13,532
Price/SF $193.45
Expiration 01-30-2030
Tenant Type Pharmacy
NOI $219,999
R. Term 5.2
Ownership Fee Simple
Rent/SF $16.15
Increases 10.0%/9/yrs
Pop 5Mi 161,872
Lot/AC 1.67
Options 4/5yrs/10%
AHHI 5Mi $66,309

Lease Highlights

  • Walgreens has been operating in this location for over 30 years
  • The tenant has 5+ years remaining on the current lease term with 4 (5-year) options to extend
  • Absolute NNN lease | Zero landlord responsibilities 
  • Corporate guarantee | Investment grade tenant

Location Description

Walgreens is strategically located at the signalized, hard corner intersection of U.S. Hwy 190/Florida Blvd. and N Sherwood Forest Drive, with access to a substantial combined daily traffic count of 49,300 vehicles. The immediate area is surrounded by well-known national tenants, including Smoothie King, Circle K, Sherwin-Williams, Dollar Tree, Baskin Robbins, and more. The 5-mile trade area...

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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 : 11,943 72,268 159,417
2024 Total Population : 12,231 73,140 161,230
2024 Employed Civilian Pop : 6,316 38,089 85,097
2024 Total Businesses : 534 4,788 12,378
2024 Average Household Income : $ 69,722 $ 80,597 $ 84,469
2024 Total Consumer Spending : $ 270 M $ 2054 M $ 5036 M
2024 Median Age : 36 37 37
2024 Total Households : 4,377 28,730 67,277
2024 Pop Age 25+: Bachelor's Degree : 1,605 10,804 25,315
2024 Average Home Value : $ 231,006 $ 229,218 $ 288,382
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
North Sherwood Forest Drive Pamela Dr 2022 21,976 0.13 mi
Sherwood Forest Boulevard Archery Dr 2022 24,579 0.15 mi
Florida Blvd Friar Tuck Dr 2011 35,511 0.17 mi
Florida Boulevard Florida Blvd 2022 28,611 0.25 mi
US0190 Forest Oaks Dr 2020 12,841 0.26 mi
Archery Drive Sylvan Dr 2022 2,060 0.27 mi
Florida Blvd Rosedale Dr 2002 22,388 0.33 mi
Little John Drive Florida Blvd 2022 1,442 0.45 mi
Florida Boulevard Florida Blvd 2022 24,974 0.57 mi
Florida Blvd S Tamari Dr 2011 27,678 0.65 mi

Listing Broker

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