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.
Walgreens - Jacksonville
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
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
