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Drug Store

Walgreens - Sebastian (Vero Beach MSA), FL

13613 US-1, Sebastian, FL 32958

Listing Price: $4,457,142

Cap Rate
5.25%
Tenant Name
Walgreens
Years Remaining On Lease
36.7
Gross SF
14,424
Guarantor
Corporate Guarantee
Rentable SF
14,242
Price/Gross SF
$309.01
Lease Type
Double Net
Rent Per Square Feet
$16.43

Investment Overview

Walgreens Renewed with no rent reduction Tenant spent $350,000 in 2019 to remodel store interior Really low rent $16.00 per square foot - Asking 5.25 Cap Average Household Income exceeds $65,000 - 1 Mile Radius US 1 Hwy 23,000 Cars Per Day

Investment Highlights

  • Walking distance to Sebastian Medical Center Hospital - (202) Beds
  • 23 Year History - Relocation Store
  • Tenant spent $350,000 in 2019 to remodel store interior

Exclusively Listed By

Financing By

Drug Store

Walgreens - Sebastian (Vero Beach MSA), FL

Listing Price: $4,457,142

Cap Rate
5.25%
Tenant Name
Walgreens
Years Remaining On Lease
36.7
Gross SF
14,424
Guarantor
Corporate Guarantee
Rentable SF
14,242
Price/Gross SF
$309.01
Lease Type
Double Net
Rent Per Square Feet
$16.43

Investment Highlights

  • Walking distance to Sebastian Medical Center Hospital - (202) Beds
  • 23 Year History - Relocation Store
  • Tenant spent $350,000 in 2019 to remodel store interior

Investment Overview

Walgreens Renewed with no rent reduction Tenant spent $350,000 in 2019 to remodel store interior Really low rent $16.00 per square foot - Asking 5.25 Cap Average Household Income exceeds $65,000 - 1 Mile Radius US 1 Hwy 23,000 Cars Per Day

Exclusively Listed By

Financing By

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