Outparcel to The Home Depot

Highlights:

• NNN; no landlord responsibilities.
• Corporate Guarantee (NASDAQ: WBA).
• 13 year term with rent increases of five percent (5%) every five (5) years. Rent increase also occurs at the beginning of each of the twelve (12) five-year option periods.
• Located just two (2) miles southwest of downtown Lake City, Walgreens is positioned on a signalized hard corner with a traffic count of 42,000 vehicles per day. It is also less than 1.5 miles from the on ramp of I-75 South.
• RENT INCREASES: 5% every 5-Years (including option periods)

Description:

Located just two miles southwest of downtown Lake City, Walgreens is positioned on a corner at the signalized intersection of W US Hwy 90 and State Rd 247, where it is less than 1.5 miles from the on ramp of I-75 S.

The property is positioned as an outparcel to a retail development that is home to Home Depot, Aldi, and Dollar Tree. Additional retailers in the immediate area include Publix, Dick’s Sporting Goods, Hobby Lobby, Ashley Home Store, Pet Supermarket, Advance Auto Parts, AutoZone, Ross Dress for Less, Sally Beauty, Discount Tire, The UPS Store, Pet Smart, Five Below, and Sherwin-Williams, to name a few.

The Gainesville-Lake City CSA (Population: 354,299) consists of Alachua, Gilchrist, Levy, and Columbia counties. It is made up of the Gainesville MSA and the Lake City, FL Micropolitan Statistical Area. The CSA is home to five institutions of higher education, including its flagship University, The University of Florida (56,567 students). The top employers in the CSA include The University of Florida (27,567 employees), UF Health (12,705 employees), and the Gainesville Veterans Administration Medical Center (6,127 employees).

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