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Walgreens 4420 NW Federal Hwy 14,560 SF Retail Building Jensen Beach, FL 34957 $5,577,819 CAD ($383.09 CAD/SF) 6.53% Cap Rate

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Investment Highlights

  • Corporate Walgreens lease with investment-grade credit (NASDAQ: WBA)
  • Located on US-1 with over 72,500 vehicles/day
  • Ideal for NNN Income Investors, 1031 Exchange Buyers, Portfolio Acquisition Firms, and Long-Term Holders Seeking Passive Return
  • Passive income with absolute NNN structure
  • Surrounded by top-performing retailers

Executive Summary

A rare opportunity to acquire an absolute net leased, single-tenant Walgreens investment property in the heart of Jensen Beach, Florida. This ±14,560 SF building sits
on a high visibility ±1.5 acre parcel at a signalized intersection. Positioned along the region’s most active retail corridor, the property boasts strong daily traffic counts and a
corporate-backed lease.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,560 SF
Building Class
B
Year Built
2005
Price
$5,577,819 CAD
Price Per SF
$383.09 CAD
Cap Rate
6.53%
NOI
$364,113 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.50 AC
Zoning
PUD-WJ - Planned development
Frontage
173’ on NW Federal Hwy

Amenities

  • Pylon Sign
  • Drive Thru
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

Walgreens is a major U.S. pharmacy and retail chain founded in 1901 in Chicago, Illinois. The company operates thousands of locations across the United States, providing prescription medications, over-the-counter drugs, health and wellness products, and convenience items. Walgreens also offers services such as immunizations, health screenings, and photo processing. The company has expanded its healthcare offerings through partnerships and in-store clinics, aiming to integrate pharmacy services with broader health solutions. Walgreens is part of Walgreens Boots Alliance, a global pharmacy-led health and wellbeing enterprise.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum -

Nearby Major Retailers

Fifth Third Bank
Orangetheory Fitness
Publix
Cracker Barrel Old Country Store
Buddy's Home Furnishings
Applebee's
Truist
Olive Garden
Miller's Ale House
9Round

Property Taxes

Property Taxes

Parcel Number
18-37-41-007-000-00010-0
Land Assessment
$1,711,453 CAD
Improvements Assessment
$2,158,760 CAD
Total Assessment
$3,870,213 CAD
  • Listing ID: 35458107

  • Date on Market: 2024-04-25

  • Last Updated:

  • Address: 4420 NW Federal Hwy, Jensen Beach, FL 34957

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