10870 Overseas Hwy Marathon, FL 33050
NNN leased Walgreens in Marathon, Florida with zero landlord responsibilities.
Property size:
16,904 SFLot size:
1.51 AcresProperty Features for 10870 Overseas Hwy
General Information
- Size
- 16,904 SF
- Lot size
- 1.51 Acres
Source:
Moodyscre
Listing Agent: Matthew Mousavi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
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
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
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.