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Drug Store

Walgreens - Deerfield Beach

1041 E Hillsboro Blvd, Deerfield Beach, FL 33441

Listing Price: $10,700,000

Cap Rate
4.95%
Tenant Name
Walgreens
Years Remaining On Lease
12.3
Gross SF
16,507
Guarantor
Corporate Guarantee
Rentable SF
16,507
Price/Gross SF
$648.21
Lease Type
Absolute Net
Rent Per Square Feet
$32.11

Investment Overview

Marcus & Millichap is proud to exclusively market for sale this Walgreens-leased property in highly desirable Deerfield Beach, Florida. The property has an above average store size of approximately 16,507 square feet and includes both a drive-thru lane and liquor store. The asset is strategically located off Federal Highway and on East Hillsboro Boulevard, both considered major traffic arteries with a combined traffic count of 65,000+ vehicles per day. Walgreens has over 12 Years remaining on its net lease, offering investors passive ownership while benefitting from strong cash flow in a market with high barriers to entry. The seller has very attractive financing in place that can be assumed with a fixed interest rate of 3.4 percent for a term of over nine years remaining. The loan balance is $6,500,000 which allows a Buyer to purchase the property with only 40 percent down payment.

Investment Highlights

  • Corporate Absolute NNN Lease with Zero Landlord Responsibilities
  • Over 12 Years Remaining on Base Lease Term
  • 24-Hour Store with Drive-Thru Pharmacy and a Liquor Store
  • Assumable Financing of $6,500,000 is Available, 3.4% Interest with 9 Year Term
  • Walgreens is Ranked #16 on Fortune 500 List, #36 on Fortune 500 Global List

Exclusively Listed By

Financing By

Drug Store

Walgreens - Deerfield Beach

Listing Price: $10,700,000

Cap Rate
4.95%
Tenant Name
Walgreens
Years Remaining On Lease
12.3
Gross SF
16,507
Guarantor
Corporate Guarantee
Rentable SF
16,507
Price/Gross SF
$648.21
Lease Type
Absolute Net
Rent Per Square Feet
$32.11

Investment Highlights

  • Corporate Absolute NNN Lease with Zero Landlord Responsibilities
  • Over 12 Years Remaining on Base Lease Term
  • 24-Hour Store with Drive-Thru Pharmacy and a Liquor Store
  • Assumable Financing of $6,500,000 is Available, 3.4% Interest with 9 Year Term
  • Walgreens is Ranked #16 on Fortune 500 List, #36 on Fortune 500 Global List

Investment Overview

Marcus & Millichap is proud to exclusively market for sale this Walgreens-leased property in highly desirable Deerfield Beach, Florida. The property has an above average store size of approximately 16,507 square feet and includes both a drive-thru lane and liquor store. The asset is strategically located off Federal Highway and on East Hillsboro Boulevard, both considered major traffic arteries with a combined traffic count of 65,000+ vehicles per day. Walgreens has over 12 Years remaining on its net lease, offering investors passive ownership while benefitting from strong cash flow in a market with high barriers to entry. The seller has very attractive financing in place that can be assumed with a fixed interest rate of 3.4 percent for a term of over nine years remaining. The loan balance is $6,500,000 which allows a Buyer to purchase the property with only 40 percent down payment.

Exclusively Listed By

Financing By

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