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30898761
30898762

2094 W US Hwy 90, Lake City, FL 32055

JK
NY 10401317069, FL SL3595928
Stream Capital Partners
TT
NY 0401325906
Stream Capital Partners
Listed by Stream Capital Partners
$4,752,000
84 days on market
Updated 84 days ago

Walgreens

Details
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 15,120
Cap Rate 7%
NOI $332,640
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens, CVS Pharmacy (+1)
Lease Type Absolute NNN
Lease Expiration 08/31/2035
Remaining Term 9.2
Rent Bumps Yes
Lease Options 12, 5 Year Options
Price per SqFt $314
Year Built 2000
Acreage 2.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Retail | 7.00% CAP | 15,120 SqFt

Investment highlights

Long Term Commitment: Absolute NNN lease structure with 9+ years remaining and 12, 5 year options to extend

Zero Landlord Responsibilities: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.

Strong Corporate Guarantor: Guaranteed by Walgreens, a leading national pharmacy retailer with over 8,500 locations, providing investors with a reliable and stable corporate-backed lease.

Well Situated: Strategically positioned along West US Highway 90, a primary east–west commercial corridor in Lake City, the property benefits from strong visibility and direct access, with exposure to 42,000+ vehicles per day and convenient connectivity to I-75—supporting consistent customer traffic and long-term tenant demand.

Strong Surrounding Retail: Strategically positioned as an outparcel in the center of a robust trade area anchored by Home Depot, Aldi, and Dollar Tree, with additional nearby retailers including Publix, Dick’s Sporting Goods, Hobby Lobby, Ashley HomeStore, PetSmart, Advance Auto Parts, and Lake City Mall—driving consistent traffic, visibility, and tenant demand.

Listing Contacts

JK
NY 10401317069, FL SL3595928
Stream Capital Partners
TT
NY 0401325906
Stream Capital Partners
Listed by Stream Capital Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$332,640.00
$27,720.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Sasha Dominguez
License
BK3339010
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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