Skip to main content

Drug Store

Walgreens

205 W Madison St, Starke, FL 32091

Listing Price: $5,384,615

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
10.8
Gross SF
14,259
Guarantor
Corporate Guarantee
Rentable SF
14,259
Price/Gross SF
$377.63
Lease Type
Absolute Net
Rent Per Square Feet
$24.55

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 205 West Madison Street in Starke, Florida. The site constructed in 2007, consists of roughly 14,259 rentable square feet of building space and sits on an approximately 1.60-acre parcel of land. Walgreens is subject to a 25-year triple-net (NNN) lease, which commenced on March 1st, 2007. The current annual rent is $350,000.

Investment Highlights

  • Long-Term, 75-Year Absolute Triple Net (NNN) Lease
  • Corporate Location, Corporate Guarantee
  • Florida Tax Free State

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $5,384,615

Cap Rate
6.50%
Tenant Name
Walgreens
Years Remaining On Lease
10.8
Gross SF
14,259
Guarantor
Corporate Guarantee
Rentable SF
14,259
Price/Gross SF
$377.63
Lease Type
Absolute Net
Rent Per Square Feet
$24.55

Investment Highlights

  • Long-Term, 75-Year Absolute Triple Net (NNN) Lease
  • Corporate Location, Corporate Guarantee
  • Florida Tax Free State

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Walgreens located at 205 West Madison Street in Starke, Florida. The site constructed in 2007, consists of roughly 14,259 rentable square feet of building space and sits on an approximately 1.60-acre parcel of land. Walgreens is subject to a 25-year triple-net (NNN) lease, which commenced on March 1st, 2007. The current annual rent is $350,000.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

MM Texture Background
MM Textured Background Lower