Log In/Sign Up
Your email has been sent.
Walgreens 205 W Madison St 14,259 SF Retail Building Starke, FL 32091 $5,300,000 ($371.70/SF) 6.60% Cap Rate
Investment Highlights
- High-Traffic Intersection | The property is positioned along N Temple Ave (U.S. Highway 301), one of the most heavily trafficked corridors
- Proximity to Schools & Community Hubs | The site benefits from close proximity to key educational and civic institutions
- Established Retail Trade Area | Located in the heart of Starke’s primary commercial corridor, the property is surrounded by national brands
Executive Summary
Surmount is pleased to present this exclusive listing for a Walgreens located at 205 West Madison Street, Starke, FL 32091. The site consists of roughly 14,259 rentable square feet of building space on an estimated 1.6-acre parcel of land. This Walgreens is subject to a 25 Years-year Triple Net (NNN) lease, which commenced 3/1/2007. The current annual rent is $350,000 and has scheduled increases of flat.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,259 SF
Building Class
B
Year Built
2007
Price
$5,300,000
Price Per SF
$371.70
Cap Rate
6.60%
NOI
$350,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.60 AC
Frontage
214’ on Madison St
Nearby Major Retailers
Property Taxes
| Parcel Number | 03151-0-00000 | Improvements Assessment | $1,021,432 |
| Land Assessment | $566,004 | Total Assessment | $1,587,436 |
Property Taxes
Parcel Number
03151-0-00000
Land Assessment
$566,004
Improvements Assessment
$1,021,432
Total Assessment
$1,587,436
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Walgreens | 205 W Madison St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.