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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

Drug Stores Florida Jacksonville 7546 103rd St, Jacksonville, FL 32210

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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.

Attachments

Walgreens - Jacksonville FL OM

Property Facts Under Contract

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
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
304’ on 103rd St

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 began with Walgreens, which was founded in 1901 and grew from a neighborhood drugstore into a large pharmacy and retail business. The company was formed later through the combination of Walgreens and Alliance Boots, creating a business with a broad presence in pharmacy retail and health-focused services. Its operations include retail pharmacy, healthcare services, and pharmaceutical wholesale, with digital and in-store offerings that support prescription access, consultations, immunizations, and wellness products. Walgreens Boots Alliance has remained centered on pharmacy-led care while serving customers through a mix of community locations and online channels.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 99,999 SF - Lorem Ipsum Jan 0000

Links

1 1
7546 103rd St, Jacksonville, FL - Aerial map view - Image1
7546 103rd St, Jacksonville, FL - Aerial map view - Image2
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Source: Local Logic®

Nearby Major Retailers

Publix
Planet Fitness
Starbucks
VyStar Credit Union
IHOP
Waffle House
Checkers

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
(818) 907-9525

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 37706633

  • Date on Market: 9/17/2025

  • Last Updated:

  • Address: 7546 103rd St, Jacksonville, FL 32210

The Oak Hill Retail Property at 7546 103rd St, Jacksonville, FL 32210 is currently available. Contact NNN Investment Group of Marcus & Millichap for more information.

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Contact the Sale Advisor

Absolute NNN Walgreens | Jacksonville FL | 7546 103rd St

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