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205 W Madison St
Starke, FL 32091
Walgreens · Retail Property For Sale
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
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
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