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Absolute NNN Walgreens | Jacksonville FL 7546 103rd St 13,821 SF 4-Star Retail Building Jacksonville, FL 32210 $3,967,251 CAD ($287.05 CAD/SF) 7% Cap Rate
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.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
13,821 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1999
Price
$3,967,251 CAD
Price Per SF
$287.05 CAD
Cap Rate
7%
NOI
$277,708 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
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- 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
-
Jan 0000
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (75)
Nearby Major Retailers
Property Taxes
| Parcel Number | 014527-0000 | Improvements Assessment | $3,086,419 CAD |
| Land Assessment | $2,334,792 CAD | Total Assessment | $5,421,211 CAD |
Property Taxes
Parcel Number
014527-0000
Land Assessment
$2,334,792 CAD
Improvements Assessment
$3,086,419 CAD
Total Assessment
$5,421,211 CAD
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Absolute NNN Walgreens | Jacksonville FL | 7546 103rd St
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