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10870 Overseas Hwy Marathon, FL 33050

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For Sale
$7,670,000

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

Property size:
16,904 SF
Lot size:
1.51 Acres

Property Features for 10870 Overseas Hwy

General Information

Size
16,904 SF
Lot size
1.51 Acres

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Listing Contact
Matthew Mousavi
Source: Moodyscre

Listing Agent: Matthew Mousavi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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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.
Location Intelligence

Current Use by Public Records

Walgreens Photo Passport Photo Processor Walgreens Pharmacy Pharmacy Walgreens Drug Store Coinhub Bitcoin ATM ... Atm FedEx OnSite Mailing Service

Suggested Use

Law Firm Restaurant Spa & Massage Dental Office Realty agency Hair Salon Nail Salon Clothing Store Gym & Fitness Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Walgreens Pharmacy, Walgreens, Jerry W. Kuntz, RPh, Laura I. Diaz-Jane, PharmD, Kendahl Burnett

Location Insight

  • Map
  • Local Demand
City
Marathon
County
Monroe
State
Florida
Longitude
-81.0381424
Latitude
24.7291523

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.
More about this property
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