Single-Tenant Walgreens with
For Sale
Contact for pricing
Pending
115 N Lawrence Blvd, Keystone Heights, FL 32656
Long-term absolute NNN lease is guaranteed by Walgreen Co. and includes 5% rent increases every five years.
Property SizeContact for details
Days on Market117
Property Features for 115 N Lawrence Blvd
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Aug 3 at 8:52AM
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 a long-term absolute NNN Walgreens lease, structured with no landlord management or maintenance responsibilities. The lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc., and includes 5% rent increases every five years during the original term. The lease also features 12, five-year renewal options, if exercised.
A drive-through lane is a key feature of the operating setup. The address is 115 N Lawrence Blvd in Keystone Heights, Florida.
The offering is presented as an absolute NNN investment with lease terms intended to provide recurring increases rather than flat rent. Buyer is responsible for verification of all estimates during due diligence, including rentable area, lot size, guarantor, lease terms, building specifications, year built, and related financial and demographic information.
A drive-through lane is a key feature of the operating setup. The address is 115 N Lawrence Blvd in Keystone Heights, Florida.
The offering is presented as an absolute NNN investment with lease terms intended to provide recurring increases rather than flat rent. Buyer is responsible for verification of all estimates during due diligence, including rentable area, lot size, guarantor, lease terms, building specifications, year built, and related financial and demographic information.
Key Highlights
- Long‑term absolute NNN lease with no landlord management or maintenance responsibilities whatsoever
- Lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc.
- 5% rent increases every 5 years during the original term
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
88k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 42%
Home Improvements & Furnishings 13%
Groceries 1%
Wendy's
Dining
13,615 visits/mo
0.1 miles
Dunkin' Donuts
Dining
12,372 visits/mo
0.2 miles
Bryan's Ace Hardware
Home Improvements & Furnishings
11,595 visits/mo
0.3 miles
Dollar General
Shops & Services
10,732 visits/mo
0.1 miles
Hardee's
Dining
9,574 visits/mo
0.4 miles
Demographics for 32656, FL
14,686
Population
6,565
Households
2.2
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
70.1 sq mi
ZIP Area
210
Density / Sq Mi
$73,201
Median Household Income
$40,985
Median Earnings
$1,068
Median Rent
$202,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Aza Health — 100 Commercial Dr, Keystone Heights, FL 32656
- North Florida Pharmacy — 405 S Lawrence Blvd, Keystone Heights, FL 32656
- Carol M. Ruth, RPh — 100 Commercial Dr, Keystone Heights, FL 32656
- Walgreens Pharmacy — 115 N Lawrence Blvd, Keystone Heights, FL 32656
- Alyssa W. Sanford, RPH — 405 S Lawrence Blvd, Keystone Heights, FL 32656
Frequently Asked Questions
What type of property is this?
Drug store - Long-term absolute NNN lease is guaranteed by Walgreen Co. and includes 5% rent increases every five years.
Where is this drug store located?
The property is located at 115 N Lawrence Blvd Keystone Heights, FL.
What are key features of this property?
This property features: Long‑term absolute NNN lease with no landlord management or maintenance responsibilities whatsoever; Lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc.; 5% rent increases every 5 years during the original term
