Walgreens
Retail | 7.00% CAP | 14,141 SF
Marketing description
Introducing 700 N Pace Blvd, a prime investment opportunity in Pensacola, FL! This property features a corporate Walgreens with a solid net worth of $139.1 billion, making it a reliable tenant with just under 4 years remaining on the original 24-year lease. Offering a cap rate of 6.5% and a NOI of $255,000, this 14,141 SF building on 1.95 acres boasts a convenient location and 72 parking spaces. The lease includes ten 5-year options, ensuring long-term stability for the investor. The property guarantees a hassle-free investment with a NNN lease type and a 10-day ROFR option. Don't miss out on this incredible opportunity to own a high-performing asset with great potential. Contact us today to learn more about 700 N Pace Blvd, Pensacola, FL 32505!
Investment highlights
Tenant
Corporate Walgreens NYSE: (WBA) is a publicly traded company and one of the largest drugstore chains in the US.
Operating more than 8,600 retail locations across the US and Puerto Rico.
Company has over 26,000 pharmacists.
Net worth of over $139.1 Billion
Lease
Just under 4 years remaining on original 24 year Lease
Ten 5 year options
Location
Number of Stories………………. One
Year Built……………………….. 2003
Gross Leasable Area……………..14,141 SF
Lot Size…………………………..1.95 Acres
Type of ownership………………..Fee Simple
Parking……………………………72 Spaces
Parking Ratio……………………..5.09:1,000 SF
Foundation………………………..Concrete Slab
Framing………………………….. Wood
Exterior………………………….. Painted Stucco
Parking Surface………………….. Asphalt
Roof……………………………… Flat
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