Walgreens Freestanding Drug
For Sale
Contact for pricing
Pending
1705 US-1, Vero Beach, FL 32960
Absolute NNN lease structure provides scheduled increases with no landlord responsibilities.
Property SizeContact for details
Days on Market143
Property Features for 1705 US-1
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
64,000 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners Tampa
(480) 221-4221
Listed By:
Patrick Nutt · License #BK3120739
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 9:17AM
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 SRS Real Estate Partners Tampa
Investment Insights
Based on property information with market context.
This fee-simple Walgreens property includes ownership of the land and building and is leased under an absolute NNN structure. Walgreen Co. has executed a new 15-year lease with 12 five-year extension options. Contractual rent increases of 5% occur every five years during the initial term and at the start of each option period, while the lease assigns no landlord responsibilities. The tenant carries an S&P BBB credit rating.
The store occupies the signalized intersection of 8th Avenue and 17th Street in Vero Beach, Florida, with reported traffic exceeding 64,000 vehicles per day. U.S. State Highway 60 and State Highway A1A are also nearby, carrying 23,600 VPD and 16,200 VPD, respectively. The surrounding retail corridor includes Walmart, Publix, TJ Maxx, Staples, Wawa, and 7-Eleven. Residential support includes Indian River Apartments with 180 units and Palms at Vero Beach with 259 units, while the five-mile trade area includes more than 90,000 residents and 45,000 daytime employees.
The store occupies the signalized intersection of 8th Avenue and 17th Street in Vero Beach, Florida, with reported traffic exceeding 64,000 vehicles per day. U.S. State Highway 60 and State Highway A1A are also nearby, carrying 23,600 VPD and 16,200 VPD, respectively. The surrounding retail corridor includes Walmart, Publix, TJ Maxx, Staples, Wawa, and 7-Eleven. Residential support includes Indian River Apartments with 180 units and Palms at Vero Beach with 259 units, while the five-mile trade area includes more than 90,000 residents and 45,000 daytime employees.
Key Highlights
- Fee‑simple ownership of the Walgreens land and building
- New 15‑year lease with 12 five‑year extension options
- Absolute NNN lease with zero landlord responsibilities
Property Analytics
Property Profile
Current Use
Lease Details
64,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,731
Businesses Nearby
270k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 23%
Groceries 13%
Home Improvements & Furnishings 6%
Walmart Neighborhood Market
Groceries
35,642 visits/mo
0.1 miles
Chick-fil-A
Dining
29,284 visits/mo
0.3 miles
McDonald's
Dining
26,873 visits/mo
0.3 miles
SONIC Drive In
Dining
20,056 visits/mo
0.1 miles
Cumberland Farms
Shops & Services
17,532 visits/mo
0.1 miles
Demographics for 32960, FL
21,522
Population
11,590
Households
1.9
Avg Household Size
48
Median Age
25%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
1,939
Density / Sq Mi
$52,350
Median Household Income
$30,236
Median Earnings
$1,171
Median Rent
$254,400
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 - Absolute NNN lease structure provides scheduled increases with no landlord responsibilities.
Where is this drug store located?
The property is located at 1705 US-1 Vero Beach, FL.
What are key features of this property?
This property features: Fee‑simple ownership of the Walgreens land and building; New 15‑year lease with 12 five‑year extension options; Absolute NNN lease with zero landlord responsibilities
