Walgreens NNN Property with
For Sale
Contact for pricing
Pending
11135 Lem Turner Rd, Jacksonville, FL 32218
Absolute NNN lease structure includes a drive-through lane and frontage along Lem Turner Road.
Property SizeContact for details
Days on Market143
Property Features for 11135 Lem Turner Rd
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
18,433 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 31 at 8:54PM
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 Marcus & Millichap - Nashville
Investment Insights
Based on property information with market context.
This Walgreens property operates under an absolute NNN lease, with Walgreen Co. serving as lease guarantor. The current lease term is 13 years and includes 12 five-year renewal options, with 5% rent increases every 5-years during the original term and renewal periods if exercised. The location has supported Walgreens operations for 17 years and includes a drive-through lane.
The property fronts Lem Turner Road near a signalized hard corner, with reported average daily traffic of 18,433. Interstate-295 is less than one mile north and carries reported average daily traffic of 65,500. The Jacksonville location is less than ten miles from downtown Jacksonville. The lease structure places landlord management and maintenance responsibilities with the tenant, subject to lease terms and due diligence verification.
The property fronts Lem Turner Road near a signalized hard corner, with reported average daily traffic of 18,433. Interstate-295 is less than one mile north and carries reported average daily traffic of 65,500. The Jacksonville location is less than ten miles from downtown Jacksonville. The lease structure places landlord management and maintenance responsibilities with the tenant, subject to lease terms and due diligence verification.
Key Highlights
- Absolute NNN lease with no landlord management or maintenance responsibilities
- Walgreen Co. guarantees the lease; Walgreens Boots Alliance, Inc. does not
- 13‑year lease with 12 five‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
18,433 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
52k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 36%
Apparel 9%
McDonald's
Dining
24,565 visits/mo
0.2 miles
Dollar General
Shops & Services
9,739 visits/mo
0.3 miles
Mobil
Shops & Services
5,701 visits/mo
0.1 miles
Pizza Hut
Dining
4,507 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
3,271 visits/mo
0.1 miles
Demographics for 32218, FL
67,040
Population
27,895
Households
2.4
Avg Household Size
37
Median Age
26%
College-Educated
90%
High-School Grad
96.7 sq mi
ZIP Area
693
Density / Sq Mi
$68,363
Median Household Income
$37,322
Median Earnings
$1,416
Median Rent
$260,300
Median Home Value
Market
Vacancy Rate% for Retail in Jacksonville, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN lease structure includes a drive-through lane and frontage along Lem Turner Road.
Where is this nnn property located?
The property is located at 11135 Lem Turner Rd Jacksonville, FL.
What are key features of this property?
This property features: Absolute NNN lease with no landlord management or maintenance responsibilities; Walgreen Co. guarantees the lease; Walgreens Boots Alliance, Inc. does not; 13‑year lease with 12 five‑year renewal options
