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Walgreens 205 W Madison St 14,259 SF Retail Building Starke, FL 32091 $7,353,220 CAD ($515.69 CAD/SF) 6.60% Cap Rate
INVESTMENT HIGHLIGHTS
- High-Traffic Intersection | The property is positioned along N Temple Ave (U.S. Highway 301), one of the most heavily trafficked corridors
- Proximity to Schools & Community Hubs | The site benefits from close proximity to key educational and civic institutions
- Established Retail Trade Area | Located in the heart of Starke’s primary commercial corridor, the property is surrounded by national brands
EXECUTIVE SUMMARY
Surmount is pleased to present this exclusive listing for a Walgreens located at 205 West Madison Street, Starke, FL 32091. The site consists of roughly 14,259 rentable square feet of building space on an estimated 1.6-acre parcel of land. This Walgreens is subject to a 25 Years-year Triple Net (NNN) lease, which commenced 3/1/2007. The current annual rent is $350,000 and has scheduled increases of flat.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,259 SF
Building Class
B
Year Built
2007
Price
$7,353,220 CAD
Price Per SF
$515.69 CAD
Cap Rate
6.60%
NOI
$485,590 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.60 AC
Frontage
214’ on Madison St
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03151-0-00000 | Improvements Assessment | $1,418,279 CAD |
| Land Assessment | $785,908 CAD | Total Assessment | $2,204,187 CAD |
PROPERTY TAXES
Parcel Number
03151-0-00000
Land Assessment
$785,908 CAD
Improvements Assessment
$1,418,279 CAD
Total Assessment
$2,204,187 CAD
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Walgreens | 205 W Madison St
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