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Drug Store

Walgreens - Jacksonville

13125 N Main St, Jacksonville, FL 32218

Listing Price: $7,275,000

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
12.2
Gross SF
14,490
Guarantor
Corporate Guarantee
Rentable SF
14,490
Price/Gross SF
$502.07
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.10

Investment Overview

The subject property is leased to Walgreens Inc. and was constructed in 1970. Tenant signed (4/28/20) a 15-year absolute NNN corporate lease with 5% rent escalations every five years with 12 five-year options.

Investment Highlights

  • Close proximity to UF Health North Hospital
  • Location near Jacksonville International Airport (JAX) and Interstate 95
  • VillageMD Walgreens Boots Alliance indicated they will be incorporating 600 In-Store VillageMD Clinics by 2025 and 1000 by 2027. This will provide a full service clinic in Walgreens stores.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Drug Store

Walgreens - Jacksonville

Listing Price: $7,275,000

Cap Rate
5.00%
Tenant Name
Walgreens
Years Remaining On Lease
12.2
Gross SF
14,490
Guarantor
Corporate Guarantee
Rentable SF
14,490
Price/Gross SF
$502.07
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.10

Investment Highlights

  • Close proximity to UF Health North Hospital
  • Location near Jacksonville International Airport (JAX) and Interstate 95
  • VillageMD Walgreens Boots Alliance indicated they will be incorporating 600 In-Store VillageMD Clinics by 2025 and 1000 by 2027. This will provide a full service clinic in Walgreens stores.

Investment Overview

The subject property is leased to Walgreens Inc. and was constructed in 1970. Tenant signed (4/28/20) a 15-year absolute NNN corporate lease with 5% rent escalations every five years with 12 five-year options.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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