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Drug Store

Walgreens

4105 Pointe Plaza Blvd, Venice, FL 34293

Listing Price: $12,574,000

Cap Rate
4.80%
Tenant Name
Walgreens
Years Remaining On Lease
12.4
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.72

Investment Overview

This Standard & Poor’s BBB rated, pandemic resistant, essential retailer offers a passive investor the opportunity to purchase a 25 year true NNN lease with no landlord obligations, and a drive thru. The lease has 12.4 years remaining on the base term, and an oversized lot of 2.05 acres. Located adjacent to the Center for Surgical Excellence and along the region’s retail corridor, this site offers a qualified investor a true sleep at night asset. The strong location of this site is even more apparent in the sites stabilized and successful store sales.

Investment Highlights

  • Long-Term True NNN Lease - No Landlord Obligations with 12.4 Years Remaining on Base Term
  • Stabilized and Strong Store Sales
  • Limited Walgreens Presence in the Surrounding Area

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $12,574,000

Cap Rate
4.80%
Tenant Name
Walgreens
Years Remaining On Lease
12.4
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$40.72

Investment Highlights

  • Long-Term True NNN Lease - No Landlord Obligations with 12.4 Years Remaining on Base Term
  • Stabilized and Strong Store Sales
  • Limited Walgreens Presence in the Surrounding Area

Investment Overview

This Standard & Poor’s BBB rated, pandemic resistant, essential retailer offers a passive investor the opportunity to purchase a 25 year true NNN lease with no landlord obligations, and a drive thru. The lease has 12.4 years remaining on the base term, and an oversized lot of 2.05 acres. Located adjacent to the Center for Surgical Excellence and along the region’s retail corridor, this site offers a qualified investor a true sleep at night asset. The strong location of this site is even more apparent in the sites stabilized and successful store sales.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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