Walgreens - Net Lease Property for Sale
Palm Beach Gardens, FL
Key Investment Metrics
Price
$10,988,000
Cap Rate
5.7%
Net Operating Income
$620,848
Building Size
15161 SF
Lot Size
15,161 SF
Land Area
1.52 Acres
Remaining Term
15 years
Lease Expiration
05/31/2041
Lease Term
15 years
Lease Commencement
05/18/2026
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2026
Occupancy
100%
Tenancy
Single
Rent Increases
5% Every 5 Starting in Year 11
About This Walgreens Net Lease Property
This Walgreens NNN (triple net lease) property is located in Palm Beach Gardens, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 15161 square feet of building space and was built in 2026.
With a cap rate of 5.7%, this Walgreens net lease property offers stable income potential. The asking price is $10,988,000, 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.
Palm Beach Gardens, FL Market Overview
Located in Palm Beach Gardens, FL, this Walgreens property benefits from strong local demographics and market fundamentals. The Palm Beach Gardens area offers excellent visibility and accessibility, making it an ideal location for Walgreens operations and a solid investment for net lease property buyers.