4420 NW Federal Hwy
14,560 SF
Marketing description
A rare opportunity to acquire an absolute net leased, single-tenant Walgreens investment property in the heart of Jensen Beach, Florida. This ±14,560 SF building sits on a high visibility ±1.5 acre parcel at a signalized intersection. Positioned along the region’s most active retail corridor, the property boasts strong daily traffic counts and a corporate-backed lease.
Investment highlights
Corporate Walgreens lease with investment-grade credit (NASDAQ: WBA)
In March 2025, WBA entered into a Definitive Agreement to be acquired by Sycamore Partners
Passive income with absolute NNN structure
Located on US-1 with over 72,500 vehicles/day
Surrounded by top-performing retailers
Dense, affluent demographic and tourism-supportive market
Close to from Treasure Coast Square Mall a regional shopping destination
Ideal for NNN Income Investors, 1031 Exchange Buyers, Portfolio Acquisition Firms, and Long-Term Holders Seeking Passive Return
75 year lease, terminating in 2080. Termination options every 5 years, beginning in 2030
Lease rate is fixed, but there are provisions for percentage rent in the future (not currently hitting % rent threshold).
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