Walgreens - Net Lease Property for Sale
Lutz, FL
Key Investment Metrics
Price
$8,210,836
Cap Rate
5.5%
Net Operating Income
$451,596
Building Size
9956 SF
Lot Size
9,956 SF
Land Area
1.515 Acres
Remaining Term
14.5 years
Lease Expiration
07/01/2040
Lease Term
15 years
Lease Commencement
07/01/2025
Lease Type
Absolute NNN
Year Built
2025
Occupancy
100%
Tenancy
Single
Rent Increases
5.0% Each Five-Year Period
About This Walgreens Net Lease Property
This Walgreens NNN (triple net lease) property is located in Lutz, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 9956 square feet of building space and was built in 2025.
With a cap rate of 5.5%, this Walgreens net lease property offers stable income potential. The asking price is $8,210,836, making it an attractive option for 1031 exchange investors seeking quality Walgreens commercial properties.
Why Invest in Walgreens NNN Properties?
- Stable Income: Walgreens net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Walgreens is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Lutz, FL Market Overview
Located in Lutz, FL, this Walgreens property benefits from strong local demographics and market fundamentals. The Lutz area offers excellent visibility and accessibility, making it an ideal location for Walgreens operations and a solid investment for net lease property buyers.