Walgreen Absolute NNN
For Sale
Contact for pricing
Pending
4582 E Hwy 20, Niceville, FL 32578
Four-way signalized corner with drive-through access and direct frontage along E. Highway 20.
Property SizeContact for details
Days on Market142
Property Features for 4582 E Hwy 20
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 4:26PM
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.
This NNN property is leased to Walgreen Co. under an absolute NNN structure, with no landlord management or maintenance responsibilities stated in the lease summary. The lease includes 5% rent increases every 5 years during the original term, along with 12 five-year renewal options if exercised. A drive-through lane supports customer access from vehicles.
The property occupies a signalized four-way corner with direct frontage on E. Highway 20 and reported traffic of 22,000 VPD. It is located in Niceville, near Florida’s Emerald Coast, with Destin and its beaches seven miles south. Destin-Fort Walton Beach Airport and Destin Executive Airport are each within a ten-mile radius.
The property occupies a signalized four-way corner with direct frontage on E. Highway 20 and reported traffic of 22,000 VPD. It is located in Niceville, near Florida’s Emerald Coast, with Destin and its beaches seven miles south. Destin-Fort Walton Beach Airport and Destin Executive Airport are each within a ten-mile radius.
Key Highlights
- Absolute NNN lease with no landlord management or maintenance responsibilities stated
- 5% rent increases every 5 years during the original term and 12 five‑year renewal options
- Walgreen Co. is the tenant under the lease
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
76
Shops & Services
4,353 visits/mo
0.2 miles
Demographics for 32578, FL
35,075
Population
14,578
Households
2.4
Avg Household Size
42
Median Age
45%
College-Educated
97%
High-School Grad
23.2 sq mi
ZIP Area
1,512
Density / Sq Mi
$105,858
Median Household Income
$52,028
Median Earnings
$1,744
Median Rent
$414,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Four-way signalized corner with drive-through access and direct frontage along E. Highway 20.
Where is this nnn property located?
The property is located at 4582 E Hwy 20 Niceville, FL.
What are key features of this property?
This property features: Absolute NNN lease with no landlord management or maintenance responsibilities stated; 5% rent increases every 5 years during the original term and 12 five‑year renewal options; Walgreen Co. is the tenant under the lease
