10870 Overseas Hwy Marathon, FL
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NNN leased Walgreens in Marathon, Florida with zero landlord responsibilities.
Type:RETAIL
Property size:
16,904 SFLot size:
1.51 AcresPrice / SF:
$453/SF- Added:
- Nov 29, 2024
- Days on Market:
- 511
- Last Refresh:
- Apr 5 at 10:02 pm
Property Features for 10870 Overseas Hwy
General Information
- Standard status
- Active
- Size
- 16,904 SF
- Lot size
- 1.51 Acres
- Property subtype
- RETAIL
Listing agent Matthew Mousavi (949) 698-1116
Listing office SRS Industrial - Newport Beach (949) 698-1116
Listing date Nov 29, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SRS Industrial - Newport Beach
Overview
Walgreens NNN Lease Investment Property
This is an opportunity to acquire the fee simple interest in an absolute NNN leased Walgreens investment property located in Marathon, Florida. Walgreens, Inc. recently signed a new 15-year lease with options to extend for four additional 5-year periods, demonstrating their commitment to the site. The lease includes 5% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. Walgreens operates nearly 9,000 retail locations across the U.S. and Puerto Rico, serving nearly 9 million customers and patients daily. The property has a size of 16904 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Walgreens Pharmacy
Pharmacy
Walgreens
Pharmacy
Coinhub Bitcoin ATM ...
Atm
FedEx OnSite
Postal Service
Similar Places Nearby
- Walgreens Pharmacy — 10870 Overseas Hwy, Marathon, FL 33050
- Walgreens — 10980 3rd Avenue Gulf, Marathon, FL 33050
- Jerry W. Kuntz, RPh — 10870 Overseas Hwy, Marathon, FL 33050
- Laura I. Diaz-Jane, PharmD — 10870 Overseas Hwy, Marathon, FL 33050
- Kendahl Burnett — 10870 Overseas Hwy, Marathon, FL 33050
Location Insight
- Map
- Local Demand
- City
- Marathon
- County
- Monroe
- State
- Florida
- Longitude
- -81.0381
- Latitude
- 24.7292
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - NNN leased Walgreens in Marathon, Florida with zero landlord responsibilities.
Where is this drug store located?
The property is located at 10870 Overseas Hwy Marathon, FL.
What is the asking price?
The asking price for this property is $7,670,000.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities, providing a management‑free investment.; Brand new 15‑year lease with Walgreens, demonstrating long‑term commitment to the location.; 5% rental increases every 5 years throughout the initial term and option periods, hedging against inflation.
