6400 NW 57Th St Fort Lauderdale, FL 33314
NNN leased Walgreens with over 14 years remaining in Florida.
Property size:
16,419 SFLot size:
2.00 AcresProperty Features for 6400 NW 57Th St
General Information
- Size
- 16,419 SF
- Lot size
- 2.00 Acres
Source:
Moodyscre
Listing Agent: Patrick Luther
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Walgreens Investment Property For Sale
This is an opportunity to acquire the fee simple interest in a Walgreens investment property located in Tamarac (Fort Lauderdale MSA), Florida. The property is an absolute NNN lease, offering a management-free investment opportunity for a passive investor. The tenant, Walgreen Co., has over 14 years remaining on their initial lease, with 12 (5-year) options to extend. The lease includes 5% rental increases every 5 years throughout the initial term and at the beginning of each option period. Walgreens operates nearly 9,000 retail locations across America, Puerto Rico, and the U.S. Virgin Islands, serving nearly 10 million customers each day. The property has a size of 16419 square feet.
Location Intelligence
Current Use by Public Records
Drug stores
Similar Places Nearby
Discount Rx Mart, Online Pharmacy Direct, Moon M. Pulido, PharmD, Marc I. Rosenthal, PharmD, Muscle Chain Vitamins and Supplements
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.2362459
- Latitude
- 26.1943848
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - NNN leased Walgreens with over 14 years remaining in Florida.
Where is this drug store located?
The property is located at 6400 NW 57Th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $7,248,000.
What are key features of this property?
This property features: - Absolute NNN lease offers a completely passive, management-free investment.; - Over 14 years remaining on the initial Walgreens lease term, providing long-term stable income.; - Features 5% rental increases every 5 years throughout the initial term and option periods.