Walgreens Pharmacy Drive True
Palatka, FL 32177
Walgreens Master Lease Very Strong Sales · Retail Property For Sale

Elite International Realty is please to present a Walgreens in Palatka FL. The subject property consists of 13,905 square feet and is situated on a large 1.69-acre-parcel of land with one full service, pharmacy drive-thru window. This Walgreens is strategically located at the signalized intersection of State Road 19 and Crill Avenue with a combined traffic count exceeding 35,600 vehicles per day. The property is positioned directly in front of Palatka High School with over 1,200 students and across from St. Johns River State College with over 10,900 students. There are more than nine years remaining on the recently extended net lease with eight additional five-year options. This is an ideal passive investment opportunity with minimal landlord responsibilities being offered at five and three quarters percent capitalization rate. IT has a new roof with transferable warranty. Walgreens is the largest drug retailing chain in the United Stated and has over 8,100 locations in the U.S.A. Walgreens is publicly traded on the New York Stock Exchange (WBA) with a market capitalization in excess of $90 billion. Both Walgreen Co. and Walgreens Boots Alliance, Inc are investment grade rated each with a Standard & Poor’s rating of BBB. Walgreens subleases part of the space to Aspen Dental Management, Inc. is a corporation offering “complete dental care solutions”, providing general and cosmetic dentistry and denture care for families and seniors in more than 33 U.S. States with over 700 locations.