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Absolute NNN Walgreens | Jacksonville FL 7546 103rd St 13,821 SF 4-Star Retail Building Jacksonville, FL 32210 $2,908,286 ($210.43/SF) 7% Cap Rate
Investment Highlights
- ABSOLUTE NNN LEASE: Long-term lease with zero landlord responsibilities allows for a truly passive income stream
- TAX-FREE STATE ADVANTAGE: Florida has no state income tax, making it attractive for businesses, investors, and residents alike
- GROWING METRO POPULATION: The Jacksonville MSA surpassed 1.76 million residents in 2024, making it the fourth-largest metro in Florida
- LARGE GLOBAL TENANT: Walgreens is one of the largest retail pharmacy chains in the world, offering essential healthcare services
- HIGH-TRAFFIC RETAIL CORRIDOR: Strategically located at a signalized corner intersection, the subject site is adjacent to a busy Publix super market
Executive Summary
This Walgreens investment offers a compelling opportunity backed by a long-term absolute NNN lease that provides truly passive income, at an attractive small price point under $3 million, making it highly accessible for a wide range of investors seeking stable, long-term income. With 8+ years remaining on the base term, the property benefits from Florida’s tax-free environment, and is strategically positioned at a signalized corner within Jacksonville Heights’ largest retail corridor. The site also draws strong consumer traffic, anchored by an adjacent Publix supermarket. The Jacksonville MSA continues to experience robust growth, surpassing 1.76 million residents in 2024, ranking as the fourth-largest metro in Florida and among the top 40 in the U.S.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
13,821 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1999
Price
$2,908,286
Price Per SF
$210.43
Cap Rate
7%
NOI
$203,580
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.08 AC
Zoning
RMD-D
Parking
66 Spaces (4.78 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- 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
-
Jan 0000
Walgreens Boots Alliance traces its roots to Walgreens, founded in Chicago in 1901, and later grew through the combination with Alliance Boots into a broader healthcare, pharmacy, and retail business. The company describes itself as an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day. Its business spans retail pharmacy, prescription services, health and wellness products, and related healthcare offerings, reflecting a focus on community-based care and access to medicines and services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 014527-0000 | Improvements Assessment | $2,222,124 |
| Land Assessment | $1,680,976 | Total Assessment | $3,903,100 |
Property Taxes
Parcel Number
014527-0000
Land Assessment
$1,680,976
Improvements Assessment
$2,222,124
Total Assessment
$3,903,100
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Absolute NNN Walgreens | Jacksonville FL | 7546 103rd St