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648 NW Front St
Milford, DE 19963
Walgreens · Retail Property For Sale
PROPERTY FACTS
ABOUT 648 NW FRONT ST , MILFORD, DE 19963
JLL is pleased to offer for sale the fee-simple interest in a single tenant Walgreens (the “Property” or “Asset”), located in Milford, Delaware. The Asset is located at the intersection of US Route 113 and NW Front Street, within Milford’s main retail corridor that includes Walmart and Big Lots, as well as many other national retailers. Strategically positioned on the hard corner of a signalized intersection, the Property benefits from over 38,100 vehicles passing daily along the two thoroughfares. There are more than 10 years of term remaining on the lease, which features $12,500 increases every three years, and very rare 2.5% annual escalations in each of the four, five-year renewal options. This Asset is a very rare opportunity to acquire a net leased drug store with increases in both the primary and option periods as well as an investment grade corporate guarantee.
PROPERTY TAXES
| Parcel Number | 5-16-18309-01-4300-000 | Improvements Assessment | $3,196,300 |
| Land Assessment | $605,000 | Total Assessment | $3,801,300 |
PROPERTY TAXES
