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Investment Highlights

  • Corporate Walgreens lease with investment-grade credit (NASDAQ: WBA)
  • Located on US-1 with over 72,500 vehicles/day
  • Ideal for NNN Income Investors, 1031 Exchange Buyers, Portfolio Acquisition Firms, and Long-Term Holders Seeking Passive Return
  • Passive income with absolute NNN structure
  • Surrounded by top-performing retailers

Executive Summary

A rare opportunity to acquire an absolute net leased, single-tenant Walgreens investment property in the heart of Jensen Beach, Florida. This ±14,560 SF building sits
on a high visibility ±1.5 acre parcel at a signalized intersection. Positioned along the region’s most active retail corridor, the property boasts strong daily traffic counts and a
corporate-backed lease.

Property Facts Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,560 SF
Building Class
B
Year Built
2005
Price
$4,075,000
Price Per SF
$279.88
Cap Rate
6.53%
NOI
$266,011
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.50 AC
Zoning
PUD-WJ - Planned development
Frontage
173’ on NW Federal Hwy

Amenities

  • Pylon Sign
  • Drive Thru
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -

Walgreens Boots Alliance began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum -
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

Fifth Third Bank
Orangetheory Fitness
Publix
Cracker Barrel Old Country Store
Buddy's Home Furnishings
Applebee's
Truist
Olive Garden
Miller's Ale House
9Round

Property Taxes

Property Taxes

Parcel Number
18-37-41-007-000-00010-0
Land Assessment
$1,250,340
Improvements Assessment
$1,577,130
Total Assessment
$2,827,470
  • Listing ID: 35458107

  • Date on Market: 4/25/2024

  • Last Updated:

  • Address: 4420 NW Federal Hwy, Jensen Beach, FL 34957

Contact the Sale Advisor

Walgreens | 4420 NW Federal Hwy

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