Walgreens NNN Lease Investment Property

10870 Overseas Hwy, Marathon, FL

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For Sale

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NNN leased Walgreens in Marathon, Florida with zero landlord responsibilities.

Type:RETAIL

Property size:

16,904 SF

Lot size:

1.51 Acres

Price / SF:

$453/SF

HighLights

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.
Located in Marathon, Florida.
Walgreens operates nearly 9,000 retail locations across the U.S. and Puerto Rico.
Fee simple interest (land & building ownership).

We can help!

Listing Contact

Matthew Mousavi

For Sale

Contact for pricing

NNN leased Walgreens in Marathon, Florida with zero landlord responsibilities.

Type:RETAIL

Property size:

16,904 SF

Lot size:

1.51 Acres

Price / SF:

$453/SF

Added:: Nov 29, 2024
Days on Market:: 558
Last Refresh:: May 20 at 9:16 pm

Property Features for 10870 Overseas Hwy

General Information

Standard status: Active
Size: 16,904 SF
Lot size: 1.51 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Matthew Mousavi

Listing agent Matthew Mousavi License #CA 01732226

Listing office SRS Industrial - Newport Beach

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

HighLights

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.
Located in Marathon, Florida.
Walgreens operates nearly 9,000 retail locations across the U.S. and Puerto Rico.
Fee simple interest (land & building ownership).

Overview

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 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

Suggested Use

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

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For sale
Drug stores
FL
Marathon
10870 Overseas Hwy

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.

10870 Overseas Hwy, Marathon, FL

NNN leased Walgreens in Marathon, Florida with zero landlord responsibilities.

Property Features for 10870 Overseas Hwy

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Marathon Commercial Property For Sale

Oversized Boat Slip with Tiki

Two-Story Duplex in Marathon

Live-A-Board Marina Slips

Waterfront Redevelopment Opportunity in Marathon

Corner Commercial Building with Drive-Through

Improved Medical Suite For Sale

Marathon Office Space For Sale

Waterfront Residences: Luxury & Income

Waterfront Duplex with Building Rights

Waterfront Residences - Investment Opportunity

Boat Storage with Concierge Service

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