Historical Retail Sale Listing - Walgreens LPGA Blvd & Nova Rd

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Walgreens LPGA Blvd & Nova Rd

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

N/A

13,662 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
13,662 SF
Property Type:
Retail
Property Sub-type:
Retail (Other)
Property Use Type:
Net Lease Investment with
6 years left on lease
Cap Rate:
8.36%
Tenancy:
Single
Year Built:
1998
Lot Size:
1.60 AC
Listing ID
16702845
Last Updated
over 1 year ago

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

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.

Map of 1600 N Nova Road, Daytona Beach (Holly Hill), FL 32117 (Volusia County)

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

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