Skip to main content

Drug Store

Walgreens | New Absolute NNN Lease | 5% Increases

2 US-27, Lake Placid, FL 33852

Listing Price: $5,432,000

Cap Rate
4.50%
Tenant Name
Walgreens
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
13,455
Lease Type
Absolute Net
Rent Per Square Feet
$18.17

Investment Overview

The Walgreens is subject to new 13-year absolute net lease with no landlord management or maintenance responsibilities. The lease offers rare 5% rent increases every five years, providing exceedingly more cash flow than a traditional flat Walgreens lease. This is the perfect opportunity for net-lease investors and 1031 exchange investors. Contact us with any questions.

Investment Highlights

  • New 13-Year Absolute NNN Lease
  • Rare 5% Rent Increases Every 5 Years
  • Critical Drive-Through Lane
  • Investment Grade Tenant
  • Essential Retailer Operating and Assisting U.S. Authorities During the COVID-19 Pandemic

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Drug Store

Walgreens | New Absolute NNN Lease | 5% Increases

Listing Price: $5,432,000

Cap Rate
4.50%
Tenant Name
Walgreens
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
13,455
Lease Type
Absolute Net
Rent Per Square Feet
$18.17

Investment Highlights

  • New 13-Year Absolute NNN Lease
  • Rare 5% Rent Increases Every 5 Years
  • Critical Drive-Through Lane
  • Investment Grade Tenant
  • Essential Retailer Operating and Assisting U.S. Authorities During the COVID-19 Pandemic

Investment Overview

The Walgreens is subject to new 13-year absolute net lease with no landlord management or maintenance responsibilities. The lease offers rare 5% rent increases every five years, providing exceedingly more cash flow than a traditional flat Walgreens lease. This is the perfect opportunity for net-lease investors and 1031 exchange investors. Contact us with any questions.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

MM Texture Background
MM Textured Background Lower