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Drug Store

Walgreens | New 15 Year Lease with Rare 5% Rental Increases

6314 N 9th Ave, Pensacola, FL 32504

Listing Price: $6,109,091

Cap Rate
4.95%
Tenant Name
Walgreens
Guarantor
Corporate Guarantee
Rentable SF
14,730
Lease Type
Absolute Net
Rent Per Square Feet
$20.53

Investment Overview

New 15 Year Absolute-Net Lease (Zero Landlord Responsibilities): Rare 5% Rental Increases Every 5 Years Including the Twelve, 5 Year Options. Corporate Guaranty (NASDAQ: WBA): Walgreens Co. Operates more than 9,000 Stores Across All 50 States, Puerto Rico, and the US Virgin Islands. Near Pensacola’s Major Hospital: Ascension Sacred Heart Pensacola Hospital has 1,000+ Employees and 566 Staffed Beds. Hard Corner, Signalized Intersection: Situated at 9th Avenue, Langley Ave, Tippin Ave, Walgreens is Passed by Over 28,123 Vehicles Per Day.

Investment Highlights

  • LESS THAN 1 MILE FROM PENSACOLA STATE COLLEGE (36,000+ EMPLOYEES - 648 EMPLOYEES)
  • New 15 Year Absolute-Net Lease (Zero Landlord Responsibilities): Rare 5% Rental Increases Every 5 Years Including the Twelve, 5 Year Options.
  • Corporate Guaranty (NASDAQ: WBA): Walgreens Co. Operates more than 9,000 Stores Across All 50 States, Puerto Rico, and the US Virgin Islands.
  • Near Pensacola's Major Hospital: Ascension Sacred Heart Pensacola Hospital has 1,000+ Employees and 566 Staffed Beds.
  • Hard Corner, Signalized Intersection: Situated at 9th Avenue, Langley Ave, Tippin Ave, Walgreens is Passed by Over 28,123 Vehicles Per Day.

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 | New 15 Year Lease with Rare 5% Rental Increases

Listing Price: $6,109,091

Cap Rate
4.95%
Tenant Name
Walgreens
Guarantor
Corporate Guarantee
Rentable SF
14,730
Lease Type
Absolute Net
Rent Per Square Feet
$20.53

Investment Highlights

  • LESS THAN 1 MILE FROM PENSACOLA STATE COLLEGE (36,000+ EMPLOYEES - 648 EMPLOYEES)
  • New 15 Year Absolute-Net Lease (Zero Landlord Responsibilities): Rare 5% Rental Increases Every 5 Years Including the Twelve, 5 Year Options.
  • Corporate Guaranty (NASDAQ: WBA): Walgreens Co. Operates more than 9,000 Stores Across All 50 States, Puerto Rico, and the US Virgin Islands.
  • Near Pensacola's Major Hospital: Ascension Sacred Heart Pensacola Hospital has 1,000+ Employees and 566 Staffed Beds.
  • Hard Corner, Signalized Intersection: Situated at 9th Avenue, Langley Ave, Tippin Ave, Walgreens is Passed by Over 28,123 Vehicles Per Day.

Investment Overview

New 15 Year Absolute-Net Lease (Zero Landlord Responsibilities): Rare 5% Rental Increases Every 5 Years Including the Twelve, 5 Year Options. Corporate Guaranty (NASDAQ: WBA): Walgreens Co. Operates more than 9,000 Stores Across All 50 States, Puerto Rico, and the US Virgin Islands. Near Pensacola’s Major Hospital: Ascension Sacred Heart Pensacola Hospital has 1,000+ Employees and 566 Staffed Beds. Hard Corner, Signalized Intersection: Situated at 9th Avenue, Langley Ave, Tippin Ave, Walgreens is Passed by Over 28,123 Vehicles Per Day.

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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