Listed by Nest Seekers International New York
$4,000,000
Walgreens
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,454
Net Rentable (SqFt) 12,973
Cap Rate 4%
NOI $159,999
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens
Lease Type Absolute NNN
Lease Term 40.7
Lease Expiration 02/28/2033
Remaining Term 6.7
Rent Bumps Yes
Lease Options Three, 5 year options
Price per SqFt $297
Broker Co-Op Yes
Year Built 1993
Buildings 1
Stories 1
Acreage 1.010
Zoning 10B2 - Business General
Parking Spaces 42 spaces
Parking Per SqFt 3.12
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 07/01/1992
Occupancy Date 07/01/1992
Ownership Fee simple
Walgreens - Prime Location - New Smyrna Beach - 13,454 SF - 8+ Years
Marketing description
Essential Retailer | High-performing Walgreens location
A+ Coastal location | Walking distance to the beach
Positioned at a major signalized intersection in a healthy trade area
Rare, low replaceable rent
High Performing Walgreens Retailer
Location has a liquor license
Listing Contacts
Listed by Nest Seekers International New York
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$159,999.00
$13,333.25/mo
Valuation Metrics
0
DSCR
4%
Cap Rate
4%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
