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Walgreens | Long Term Absolute NNN Lease | 5% Increases

$3,240,000

93 US Highway 27 South, Avon Park, FL 33825

Active
Last Updated: 11/18/2024

7

Cap Rate

226,800

NOI

Details:
Cap Rate:    7%
NOI:    $226,800
Building Size:    15,023 sqft
Lot Area:    1.54 acres
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2002
Tenancy:    Single
Lease Expire Year:    02/28/2035
Highlights:
  • Long Term Absolute NNN Lease with no landlord maintenance responsibilities
  • 5% Rent Increases every 5-years during the primary term and 12, 5-year option periods
  • Excellent Visibility on a signalized hard corner with combined average daily traffic counts of 44,036 VPD
  • Central Florida Location - 86% of Florida's population is located within a two-hour radius
Description:

Long Term Absolute NNN Lease with no landlord maintenance responsibilities

5% Rent Increases every 5-years during the primary term and 12, 5-year option periods

Excellent Visibility on a signalized hard corner with combined average daily traffic counts of 44,036 VPD

Central Florida Location - 86% of Florida's population is located within a two-hour radius

Well-Established Retail Location with over 22 years of operational history

Avon Park Executive Airport is located just east of the Subject Property



(1) Rentable Area, Lot Size, Guarantor, Lease Terms, Building Specifications, Year Built, and Demographics are estimates. Buyer is responsible for verifying during the Due Diligence process.



FL Broker of Record: Ryan Nee

License: BK3154667

Map:
Documents:
Title
Walgreens_-_Avon_Park__FL.pdf
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Location
Gallery