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Drug Store

Walgreens Long Term NNN Lease

8309 Southside Blvd, Jacksonville, FL 32256

Listing Price: $10,401,788

Cap Rate
4.25%
Tenant Name
Walgreeens
Years Remaining On Lease
12.6
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.83

Investment Overview

Marcus & Millichap is pleased to present for sale this Walgreens located at 8309 Southside Blvd. in Jacksonville, Florida. Jacksonville is a city located on the Atlantic coast of Florida and the most populous city in the state of Florida with a population over 949,611. Jacksonville is a major military and civilian deepwater port with The Naval Air Station Jacksonville, the U.S. Marine Corps Blount Island Command and The Port of Jacksonville all located here. Jacksonville is well known for its numerous beautiful beaches all along the adjacent Atlantic Coast. Jacksonville is a growing city and there are numerous brand-new housing developments near this Walgreens property including Tidal Pointe by David Weekley Homes, East Village by Dreamfinder Homes, Dostie Homes and Nobel at eTown among many, many others. Numerous colleges and universities also surround this Walgreens including Jersey College of Nursing School with 4,213 students, Logos University with 2,027 students, 117 faculty and 150 staff and FSCJ Deerwood Campus with over 22,344 students. Nearby hospitals include St. Vincent Medical Center with 528 Beds and Jackson Memorial Hospital with 1,550 beds. Walgreens is the largest drug retailing chain in the United States and has over 8,100 locations in the U.S.A. Walgreens is publicly traded on the New York Stock Exchange (WBA) with a market capitalization in excess of $90 Billion. Both Walgreens and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.

Investment Highlights

  • Corporate Guaranteed | Investment Grade Tenant (S&P: BBB)
  • 13 Year Lease with No Landlord Responsibilities
  • Growth Market With Numerous Luxury New Home Developments | Population Expected to Grow by 6% Over Next Five Years within 5-Miles
  • Combined Traffic Count of 83,000 Cars
  • Strong Reported Sales | Contact Agents for Details

Exclusively Listed By

Financing By

Drug Store

Walgreens Long Term NNN Lease

Listing Price: $10,401,788

Cap Rate
4.25%
Tenant Name
Walgreeens
Years Remaining On Lease
12.6
Guarantor
Corporate Guarantee
Rentable SF
14,820
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$29.83

Investment Highlights

  • Corporate Guaranteed | Investment Grade Tenant (S&P: BBB)
  • 13 Year Lease with No Landlord Responsibilities
  • Growth Market With Numerous Luxury New Home Developments | Population Expected to Grow by 6% Over Next Five Years within 5-Miles
  • Combined Traffic Count of 83,000 Cars
  • Strong Reported Sales | Contact Agents for Details

Investment Overview

Marcus & Millichap is pleased to present for sale this Walgreens located at 8309 Southside Blvd. in Jacksonville, Florida. Jacksonville is a city located on the Atlantic coast of Florida and the most populous city in the state of Florida with a population over 949,611. Jacksonville is a major military and civilian deepwater port with The Naval Air Station Jacksonville, the U.S. Marine Corps Blount Island Command and The Port of Jacksonville all located here. Jacksonville is well known for its numerous beautiful beaches all along the adjacent Atlantic Coast. Jacksonville is a growing city and there are numerous brand-new housing developments near this Walgreens property including Tidal Pointe by David Weekley Homes, East Village by Dreamfinder Homes, Dostie Homes and Nobel at eTown among many, many others. Numerous colleges and universities also surround this Walgreens including Jersey College of Nursing School with 4,213 students, Logos University with 2,027 students, 117 faculty and 150 staff and FSCJ Deerwood Campus with over 22,344 students. Nearby hospitals include St. Vincent Medical Center with 528 Beds and Jackson Memorial Hospital with 1,550 beds. Walgreens is the largest drug retailing chain in the United States and has over 8,100 locations in the U.S.A. Walgreens is publicly traded on the New York Stock Exchange (WBA) with a market capitalization in excess of $90 Billion. Both Walgreens and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.

Exclusively Listed By

Financing By

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