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    6400 NW 57Th St Fort Lauderdale, FL 33314

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    For Sale
    $7,248,000

    NNN leased Walgreens with over 14 years remaining in Florida.

    Property size:
    16,419 SF
    Lot size:
    2.00 Acres

    Property Features for 6400 NW 57Th St

    General Information

    Size
    16,419 SF
    Lot size
    2.00 Acres

    Source: SRS Industrial - Newport Beach Agent Patrick R. Luther, CCIM

    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

    Suggested Use

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

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

    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

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    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.
    (949) 698-1100
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    6400 NW 57Th St Fort Lauderdale, FL 33314
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6400 NW 57Th St Fort Lauderdale, FL 33314
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