STREAM Capital Partners > Properties > All Properties > Walgreens

Walgreens

Net Lease

2580 Crawfordville Hwy, Crawfordville, Florida
Ownership Type:
Fee Simple
Price:
$3,450,000
Cap Rate:
7.17%
Current Rent:
$247,350
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 11.5 years
Renewal Options:
12, Five-year
Building Sq. Ft.:
12,689 SF
Rent Increases:
5% every 5 years
Site Size:
2.27 Acres

Investment Highlights

  • Long Term Commitment: Absolute NNN lease with 11.5+ years remaining.
  • Increases Throughout Lease Term: Lease calls for 5% rental increases every 5 years throughout the base term providing a hedge against inflation.
  • Investment Grade Credit: Walgreens is S&P Rated BBB- providing long-term security.
  • High Income Market: Excellent Demographics with an Average Household Income over $100,000
  • Well Situated: Positioned near the signalized intersection of Crawfordville Hwy & Wakulla Arran Rd which has a combined traffic count of 20,000 VPD.
  • Strong Retail Trade Area: Located on the main throughfare of 319 (Crawfordville Hwy) within close proximity to other national tenants such as Publix, Tractor Supply, Winn Dixie, Ace Hardware and more.
Ownership Type:
Fee Simple
Price:
$3,450,000
Cap Rate:
7.17%
Current Rent:
$247,350
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date::
Approx. 11.5 years
Renewal Options:
12, Five-year
Building Sq. Ft.:
12,689 SF
Rent Increases:
5% every 5 years
Site Size:
2.27 Acres

Listing Agents

Connor Shell

Managing Director
407.913.9009[email protected]

Broker of Record: Jonathan Wolfe, FL CQ1065459

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