Investment Overview

Marcus & Millichap is pleased to present for sale this Absolute Net Leased Walgreens located at 14405 Beach Blvd in Jacksonville, Florida, just fifteen miles Downtown Jacksonville. The subject property consists of a 13,905 SF free-standing building with a drive-thru and is situated on a large 2.19-acre parcel of land. Strategically located adjacent to the hard signalized intersection of Beach Boulevard and San Pablo Road, the property benefits from great visibility and high traffic counts, which exceed 60,632 vehicles per day. The property also sits along US-90 (Beach Boulevard) which is a major East-West thoroughfare which goes from Jacksonville Beach to downtown Jacksonville, and beyond. The property is also situated within the area’s dense retail corridor, directly across from a Publix-anchored shopping center and surrounded by national and regional retailers including Planet Fitness, McDonald’s, West Marine, Mavis Tires & Brakes, Zaxby’s, Discount Tire, Target, PDQ, Miller’s Ale House, IHOP, Chick-fil-A, Taco Bell, and others. Jacksonville is the largest city in Florida and one of the most populous metropolitan areas in the Southeast, with an MSA population exceeding 1.6 million. As a major economic, cultural, and transportation hub, Jacksonville serves as headquarters for multiple Fortune 500 and regional corporations and benefits from a diversified economy that includes finance, logistics, healthcare, and military sectors. The Jacksonville area is also home to several institutions of higher education, including the University of North Florida, Jacksonville University, and Florida State College at Jacksonville, contributing to a robust and growing workforce. With a strategic coastal location, expansive port facilities at JAXPORT, and strong population growth, Jacksonville continues to attract businesses and residents alike, supporting longterm real estate demand. Walgreens recently executed a brand new 13 Year Absolute Net-Lease with increases in both the initial term and option periods. The initial term runs through August 31st, 2035 and has twelve five-year options to extend. Walgreens is one of the largest pharmacy and retail health providers in the U.S., operating more than 8,700 locations across all 50 states and Puerto Rico. Each day, Walgreens serves millions of customers and patients through an integrated pharmacy and retail platform that combines in-store services with digital and omnichannel capabilities. In 2025, Walgreens was taken private by Sycamore Partners, alongside longtime investor Stefano Pessina and family, positioning the company to execute long-term strategic initiatives outside the public markets.