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Walgreens | Absolute NNN | 7+ Years Remaining 657 S 6th St 14,550 SF Retail Building Macclenny, FL 32063 $3,525,000 ($242.27/SF) 9.08% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Backed Absolute NNN Lease - Zero Landlord Responsibilities
- Hard Corner Signalized Intersection - Multiple Points of Ingress/Egress
- Original Build-to-Suit Construction for Walgreens - Facility Outfitted to Meet Specific Tenant Needs
- Located Within the Jacksonville MSA - Top Five MSA in the State of Florida
- Drive Thru Pharmacy With Ample Amount of Parking - 71 Parking Spaces
- Located on Macclenny’s Main Thoroughfare - 11,800+ Vehicle per Day on S 6th Street
EXECUTIVE SUMMARY
Corporate Backed Absolute NNN Lease
- Zero Landlord Responsibilities
Located Within the Jacksonville MSA
- Top Five MSA in the State of Florida
Hard Corner Signalized Intersection
- Multiple Points of Ingress/Egress
Drive Thru Pharmacy With Ample Amount of Parking
- 71 Parking Spaces
Original Build-to-Suit Construction for Walgreens
- Facility Outfitted to Meet Specific Tenant Needs
Located on Macclenny’s Main Thoroughfare
- 11,800+ Vehicle per Day on S 6th Street
Growing Demographics Within Immediate Proximity
- Projected 3% Population Growth Through 2029
Surrounded By Multiple National Tenants
- AutoZone, Wells Fargo, USPS, Popeyes
- Zero Landlord Responsibilities
Located Within the Jacksonville MSA
- Top Five MSA in the State of Florida
Hard Corner Signalized Intersection
- Multiple Points of Ingress/Egress
Drive Thru Pharmacy With Ample Amount of Parking
- 71 Parking Spaces
Original Build-to-Suit Construction for Walgreens
- Facility Outfitted to Meet Specific Tenant Needs
Located on Macclenny’s Main Thoroughfare
- 11,800+ Vehicle per Day on S 6th Street
Growing Demographics Within Immediate Proximity
- Projected 3% Population Growth Through 2029
Surrounded By Multiple National Tenants
- AutoZone, Wells Fargo, USPS, Popeyes
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,550 SF
Building Class
B
Year Built
2008
Price
$3,525,000
Price Per SF
$242.27
Cap Rate
9.08%
NOI
$320,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.85 AC
Parking
69 Spaces (4.74 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 32-2S-22-0000-0000-1851 | Improvements Assessment | $1,136,230 |
| Land Assessment | $643,800 | Total Assessment | $1,780,030 |
PROPERTY TAXES
Parcel Number
32-2S-22-0000-0000-1851
Land Assessment
$643,800
Improvements Assessment
$1,136,230
Total Assessment
$1,780,030
CONTACTS
-
Spencer Koch -
Christopher Biuso -
Scott Gould -
Rory Shelby -
Caitlin Lancaster -
Marcus & Millichap
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Walgreens | Absolute NNN | 7+ Years Remaining | 657 S 6th St
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