Drug Store with Drive-Through
For Sale
Contact for pricing
Pending
2 US Hwy 27, Lake Placid, FL 33852
Long-term Absolute NNN lease guaranteed by Walgreen Co., with 5% rent increases every five years.
Property SizeContact for details
Days on Market116
Property Features for 2 US Hwy 27
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Traffic Count
29,500 vehicles/day
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Apr 12
Changed: Jul 21
Last Checked: Aug 4 at 2:01PM
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 Marcus & Millichap - Nashville
Investment Insights
Based on property information with market context.
The property is leased under a long-term Absolute NNN structure with no landlord management or maintenance responsibilities. The lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc. Lease terms include 5% rent increases every five years during the original term, plus 12 additional five-year renewal options, if exercised.
The site is situated on a signalized hard corner with frontage along U.S. Route 27, Lake Placid’s main commercial corridor, and average daily traffic counts of 29,500. It is directly across from a Save a Lot anchored shopping center occupied by Tractor Supply Co., Dunkin’ Donuts, TD Bank, Family Dollar, Boost Mobile, Pizza Hut, Beef ‘O’ Bradys, and Anytime Fitness. Additional national retailers in the area include Publix, Wawa, Dollar General, Bealls Outlet, Badcock and more, O’Reily Auto Parts, Wendy’s, Advance Auto Parts, NAPA Auto Parts, and Papa Johns. AdventHealth Lake Placid, a 50-bed hospital with 24/7 emergency and urgent care, is two miles north along U.S. Route 27.
The site is situated on a signalized hard corner with frontage along U.S. Route 27, Lake Placid’s main commercial corridor, and average daily traffic counts of 29,500. It is directly across from a Save a Lot anchored shopping center occupied by Tractor Supply Co., Dunkin’ Donuts, TD Bank, Family Dollar, Boost Mobile, Pizza Hut, Beef ‘O’ Bradys, and Anytime Fitness. Additional national retailers in the area include Publix, Wawa, Dollar General, Bealls Outlet, Badcock and more, O’Reily Auto Parts, Wendy’s, Advance Auto Parts, NAPA Auto Parts, and Papa Johns. AdventHealth Lake Placid, a 50-bed hospital with 24/7 emergency and urgent care, is two miles north along U.S. Route 27.
Key Highlights
- Long‑term Absolute NNN lease with no landlord management or maintenance responsibilities
- Lease guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc.
- 5% rent increases every 5 years during the original term plus 12, five‑year renewal options (if exercised)
Property Analytics
Current Use
Lease Details
29,500 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
6k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,907 visits/mo
0.1 miles
Demographics for 33852, FL
21,635
Population
12,991
Households
1.7
Avg Household Size
55
Median Age
20%
College-Educated
85%
High-School Grad
293.4 sq mi
ZIP Area
74
Density / Sq Mi
$54,841
Median Household Income
$39,658
Median Earnings
$1,063
Median Rent
$205,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drug store - Long-term Absolute NNN lease guaranteed by Walgreen Co., with 5% rent increases every five years.
Where is this drug store located?
The property is located at 2 US Hwy 27 Lake Placid, FL.
What are key features of this property?
This property features: Long‑term Absolute NNN lease with no landlord management or maintenance responsibilities; Lease guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc.; 5% rent increases every 5 years during the original term plus 12, five‑year renewal options (if exercised)
