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Absolute NNN Walgreens | Jacksonville FL 7546 103rd St 13,821 SF 4-Star Retail Building Jacksonville, FL 32210 $3,991,332 CAD ($288.79 CAD/SF) 7% Cap Rate

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Investment Highlights

ABSOLUTE NNN LEASE: Long-term lease with zero landlord responsibilities allows for a truly passive income stream
TAX-FREE STATE ADVANTAGE: Florida has no state income tax, making it attractive for businesses, investors, and residents alike
GROWING METRO POPULATION: The Jacksonville MSA surpassed 1.76 million residents in 2024, making it the fourth-largest metro in Florida

LARGE GLOBAL TENANT: Walgreens is one of the largest retail pharmacy chains in the world, offering essential healthcare services
HIGH-TRAFFIC RETAIL CORRIDOR: Strategically located at a signalized corner intersection, the subject site is adjacent to a busy Publix super market

Executive Summary

This Walgreens investment offers a compelling opportunity backed by a long-term absolute NNN lease that provides truly passive income, at an attractive small price point under $3 million, making it highly accessible for a wide range of investors seeking stable, long-term income. With 8+ years remaining on the base term, the property benefits from Florida’s tax-free environment, and is strategically positioned at a signalized corner within Jacksonville Heights’ largest retail corridor. The site also draws strong consumer traffic, anchored by an adjacent Publix supermarket. The Jacksonville MSA continues to experience robust growth, surpassing 1.76 million residents in 2024, ranking as the fourth-largest metro in Florida and among the top 40 in the U.S.

Walgreens - Jacksonville FL OM

Property Facts

Sale Type

Investment NNN

Sale Conditions

1031 Exchange

Property Type

Retail

Property Subtype

Drug Store

Building Size

13,821 SF

Building Class

LoopNet Rating

4 Star

Year Built

1999

Price

$3,991,332 CAD

Price Per SF

$288.79 CAD

Cap Rate

NOI

$279,393 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.15

Lot Size

2.08 AC

Zoning

RMD-D

Parking

66 Spaces (4.78 Spaces per 1,000 SF Leased)

Frontage

304’ on 103rd St

Pylon Sign
Signage

Signalized Intersection

Drive Thru

Air Conditioning

Retailer
99,999 SF
-
Lorem Ipsum
Jan 0000

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.