Walgreens - Net Lease Property for Sale
St. Petersburg, FL
Key Investment Metrics
Price
$4,306,510
Cap Rate
6.8%
Net Operating Income
$294,996
Building Size
15525 SF
Lot Size
15,525 SF
Remaining Term
8.4 years
Lease Expiration
05/31/2034
Lease Term
20 years
Lease Commencement
12/09/1995
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
1995
Occupancy
100%
Tenancy
Single
Rent Increases
No
About This Walgreens Net Lease Property
This Walgreens NNN (triple net lease) property is located in St. Petersburg, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 15525 square feet of building space and was built in 1995.
With a cap rate of 6.8%, this Walgreens net lease property offers stable income potential. The asking price is $4,306,510, 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.
St. Petersburg, FL Market Overview
Located in St. Petersburg, FL, this Walgreens property benefits from strong local demographics and market fundamentals. The St. Petersburg area offers excellent visibility and accessibility, making it an ideal location for Walgreens operations and a solid investment for net lease property buyers.