Walgreens - Gainesville, FL | Absolute NNN 5171 NW 43rd St 14,851 SF Retail Building Gainesville, FL 32606 $5,156,250 ($347.20/SF) 9% Cap Rate

The subject property is a 14,851-square-foot Walgreens located in Gainesville, Florida. Walgreens entered into a 25-year lease in 2008, leaving approximately 8 years remaining on the initial term. This absolute NNN lease ensures zero landlord responsibilities for repairs or capital expenses.
Walgreens, a publicly traded company on NASDAQ under the ticker symbol “WBA,” holds a BBB- credit rating from Standard & Poor’s and reported annual revenues exceeding $147 billion in 2024.
Strategically positioned at the intersection of NW 43rd Street and 53rd Avenue, the property is directly across from Hunter’s Crossing, an 86,558-square-foot retail center anchored by Publix and Ace Hardware. It also serves as an outparcel to Hunter’s Walk, a 13,200-square-foot retail center housing tenants such as Goodwill, H&R Block, and Campus USA Credit Union. Additionally, Walgreens is situated across from Hunter’s Crossing Place, a 60-bed assisted living facility offering a range of services, including assisted living and respite care.
Located just five miles from the University of Florida—ranked as the third-largest public university in the U.S. with over 61,700 students—the property benefits from strong economic and employment drivers. The university, which employs over 30,000 people, is Gainesville’s largest employer and a key contributor to the local economy.
The surrounding area is densely populated, with approximately 48,000 residents within a three-mile radius and over 126,000 residents within five miles. This affluent community boasts an average household income exceeding $115,000 within a one-mile radius, with projections indicating an 18% increase over the next five years.