527 Duval St Key West, FL 33040

Listing agency CBRE - Atlanta b***@cbre.com Show Phone

Listed by Chris Bosworth · License #GA 248342

Source Crexi

Added: Apr 12 Updated: Jul 20 at 7:06PM Checked: Jul 21 at 8:14AM

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Investment Insights

Based on property information with market context.

For sale: a 9,687-square-foot, two-story Walgreens building along with two available residential units totaling 1,083 square feet, situated on 0.28 acres at 527 Duval St in Key West, Florida.

Walgreens will execute a brand new 13-year lease at closing, featuring 5% rent increases every five years throughout the initial term and in each of the twelve 5-year renewal options.

The two multifamily units are offered as part of the same property and were previously leased at well below market rates, creating an additional residential component for future ownership.

Key Highlights

• Two‑story 9,687 SF Walgreens on 0.28 acres in Key West, FL
• New 13‑year Walgreens lease to be executed at closing with 5% rent increases every 5 years
• Lease includes twelve 5‑year renewal options with 5% rent increases in each renewal period

Property Analytics

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Similar Off Market Nearby

• CVS Pharmacy — 530 Truman Ave, Key West, FL 33040
• Walgreens Pharmacy — 527 Duval St, Key West, FL 33040
• CBD GOLD LINE STORE @ Dion's Quik Mart — 1124 truman ave, key west, fl 33040
• Pasquale Corella — 527 Duval St, Key West, FL 330406552
• Sugar Apple Organic Cafe & Market — 917 Simonton St, Key West, FL 33040

FAQs

What type of property is this?

Drug store - Two-story Walgreens for sale with a new 13-year lease and two attached residential units totaling 1,083 square feet.

Where is this drug store located?

The property is located at 527 Duval St Key West, FL.

What are key features of this property?

This property features: Two‑story 9,687 SF Walgreens on 0.28 acres in Key West, FL; New 13‑year Walgreens lease to be executed at closing with 5% rent increases every 5 years; Lease includes twelve 5‑year renewal options with 5% rent increases in each renewal period