This property is Off-Market

1600 N Nova Road
Daytona Beach (Holly Hill), FL 32117 ·

13,662 SF · Retail For Sale

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Walgreens LPGA Blvd & Nova Rd

Price N/A Cap Rate 8.36%
Building Size 13,662 SF Tenancy Single
Property Type Retail Year Built 1998
Property Sub-type Retail (Other) Lot Size 1.60 AC
Property Use Type Net Lease Investment with 6 years left on lease
Listing ID: 16702845 Date Created: 05/27/2010 Last Updated: 06/27/2012

Description

This 1998 Walgreens in Holly Hill, Florida is part of the Daytona Beach
area and offers an investor the opportunity to acquire a quality
corporate leased asset with Standard & Poors "A" rated credit.
Walgreens is the nation's largest drugstore chain with fiscal 2010 sales
of $67 billion. Walgreens scope of pharmacy services includes retail,
specialty, infusion, medical facility and mail service, along with
respiratory services. Walgreens has 8,169 drugstores.

This corporate leased investment is an opportunity to acquire a Class A
real estate asset with strong corporate backing and reasonable rents,
well positioned to benefit from future growth as LPGA Boulevard develops.

Located on the signalized corner of LPGA Boulevard and Nova Road,
this store has a strong location that is improving with the widening of
LPGA Boulevard, a developing East-West Arterial with an Interstate-95
interchange. Traffic counts by the store are solid at over 45,000 cars per day.

Highlights

  • NN Corporate Guaranteed Lease
  • S&P "A+" Credit
  • Reasonable Rents [Market Rate]
  • Almost 7 Years Remaining on Base Term
  • Good Traffic Counts and Improving
  • Deliverable Free & Clear of Debt

Research

1600 N Nova Road, Daytona Beach (Holly Hill), FL 32117

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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