Walgreens
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.
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