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Drug Store

Walgreens | Long Term Absolute NNN Lease | 5% Increases

11135 Lem Turner Rd, Jacksonville, FL 32218

Listing Price: $6,306,383

Cap Rate
4.70%
Tenant Name
Walgreens
Years Remaining On Lease
11.9
Guarantor
Corporate Guarantee
Rentable SF
14,838
Lease Type
Absolute Net
Rent Per Square Feet
$19.98

Investment Overview

The Walgreens is subject to a long term 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

  • Long Term 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

Financing By

Drug Store

Walgreens | Long Term Absolute NNN Lease | 5% Increases

Listing Price: $6,306,383

Cap Rate
4.70%
Tenant Name
Walgreens
Years Remaining On Lease
11.9
Guarantor
Corporate Guarantee
Rentable SF
14,838
Lease Type
Absolute Net
Rent Per Square Feet
$19.98

Investment Highlights

  • Long Term 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 a long term 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

Financing By

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