Drug Store with Drive-Through
2 US Hwy 27 Lake Placid, FL 33852
2 US Hwy 27, Lake Placid, FL, 33852
Contact for pricing
For Sale
Contact for pricing
Pending
Long-term Absolute NNN lease guaranteed by Walgreen Co., with 5% rent increases every five years.
Days on Market102
Property Features for 2 US Hwy 27
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
Marcus & Millichap - Nashville
Listed by
Jason Hernandez · License #CA 01392646
Source
Crexi
Added: Apr 12 Updated: Jul 21 at 4:40PM Checked: Jul 21 at 4:40PM
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
Location Intelligence
Current Use by Public Records
Drug stores
Similar For Sale Nearby
FAQs
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)
