This Property is no longer advertised on Showcase.com.
Off Market
1/6

Walgreens
Palatka, FL 32177


HIGHLIGHTS


OVERVIEW

We are pleased to offer to qualified investors an opportunity to purchase an investment grade single tenant net leased investment that is fully leased to Walgreen Co. with 10 years remaining and 8 - 5 year options. Comprising of a 13,905 square feet building; Walgreen Co. has just elected to extend the primary term of the lease for 10 additional years. Situated on a large 1.69 acre corner lot, the subject property benefits from its proximity to major national retailers such as Walmart Supercenter, Publix, The Home Depot, Lowe’s, Palatka Mall as well as its positioning next to Palatka High School. This is an excellent opportunity to purchase a true investment grade tenant - “BBB” by S&P’s, on a newly extended long term lease (10 years remaining), in a tax free state with minimal landlord responsibilities.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

New Extension- Low Rent- Proven Site

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

13905

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

11-10-26-0000-0510-0021