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Walgreens 7780 Wickham Rd N 15,922 SF Retail Building Melbourne, FL 32940 $6,248,250 CAD ($392.43 CAD/SF) 6.44% Cap Rate

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INVESTMENT HIGHLIGHTS

Passive Absolute Net (NNN) Investment - Absolute net lease structure with zero landlord responsibilities is ideal for passive investors
Strong Store Performance - This location reports strong annual store sales, reinforcing Walgreens’ long-term operational success at this site
High-Traffic Corridor - Located along N Wickham Road, a major retail artery with traffic counts exceeding 43,000 VPD within close proximity

Long-Term Lease Commitment with Corporate Guarantee - Walgreens executed a 15-year lease extension in January 2023
Prime Retail Location Directly Across from Publix - The property is situated directly across from Publix, Florida’s #1 grocery chain
Dense and Affluent Trade Area - Over 72,000 residents within a 5-mile radius, with average household incomes exceeding $95,000 within 3–5 miles

EXECUTIVE SUMMARY

Passive Absolute Net (NNN) Investment - Absolute net lease structure with zero landlord responsibilities is ideal for passive investors seeking stable, hands-off income