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Walgreens 300 W Sugarland Hwy 13,400 SF Retail Building Clewiston, FL 33440 $3,500,000 ($261.19/SF) 6.14% Cap Rate
EXECUTIVE SUMMARY
13.8 years left with 12 consecutive 5-year extensions until 2099.
5% increases every 5 years during initial term.
5% increases every 5 years during each extension period.
Walgreens has a 20 Day Right of First Refusal.
VPD W Sugarland Hwy 23,000
VPD S W C Owen Ave 5,200
Home to U.S. Sugar Corporation, Clewiston plays a vital role in Florida’s $9 billion sugar industry, supporting thousands of jobs and contributing to the state’s economy.
5% increases every 5 years during initial term.
5% increases every 5 years during each extension period.
Walgreens has a 20 Day Right of First Refusal.
VPD W Sugarland Hwy 23,000
VPD S W C Owen Ave 5,200
Home to U.S. Sugar Corporation, Clewiston plays a vital role in Florida’s $9 billion sugar industry, supporting thousands of jobs and contributing to the state’s economy.
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PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,400 SF
Building Class
B
Year Built
2007
Price
$3,500,000
Price Per SF
$261.19
Cap Rate
6.14%
NOI
$214,890
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.62 AC
Zoning
US 27 COMMERCIAL CORRIDOR - US 27 COMMERCIAL CORRIDOR DISTRICT
Parking
55 Spaces (4.1 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3-34-43-01-010-0453-0010 | Improvements Assessment | $1,380,028 |
| Land Assessment | $617,837 | Total Assessment | $1,997,865 |
PROPERTY TAXES
Parcel Number
3-34-43-01-010-0453-0010
Land Assessment
$617,837
Improvements Assessment
$1,380,028
Total Assessment
$1,997,865
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Walgreens | 300 W Sugarland Hwy
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