Walgreens
ABSOLUTE NNN | NEW 15-YEAR CORP LEASE | STRONG OPERATING HISTORY
Marketing description
Current Real Estate Advisors is pleased to present the opportunity to acquire this Walgreens in Leesburg (Orlando MSA), FL (the “Property”), a freestanding ±14,313 SF retail building sited on 1.63 acres, located at the signalized corner (80K+ VPD) of the two main thoroughfares in the market, leading west to I-75, east to SR441, south to Orlando, and north to Gainesville.
This Walgreens offering benefits from ±12.5 years remaining on their recently renewed Absolute NNN lease (zero landlord responsibilities). Further, it includes attractive 5% increases every 5 years, as well as 12, 5-year options - demonstrating this proven operator’s commitment to the location.
The Property is available as part of a portfolio of Walgreens assets (available together or separately), presenting a unique opportunity for an astute investor to acquire strategically distributed real estate in Florida (or to hand pick their desired location for an individual acquisition), that includes properties with long-term stability, stable cash flow and excellent underlying real estate fundamentals.
Investment highlights
Strong Operating History - Walgreens has operated at this location for 20+ years and recently reaffirmed its long-term commitment by executing a new 15-year lease extension, underscoring the strength and performance of this store
Secure + Steady Income Stream - Backed by a long-term Absolute NNN lease with zero landlord responsibilities, the Property features 5% rental increases every five years, delivering truly passive income and built-in inflation protection
Robust RE Fundamentals - Strategically positioned at the signalized intersection of S 14th St/US Hwy 27 & South Street/W Dixie Ave (80,000+ VPD), this 1.6+ Acre site benefits from strong visibility within an established retail corridor
Adjacent Market Drivers - Located at the intersection of “Main & Main” in the heart of downtown Leesburg, this Walgreens has extremely limited competition, allowing it to capture the vast majority of the surrounding customer base
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