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Walgreens Investment Property For Sale

6400 NW 57th St, Fort Lauderdale, FL

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For Sale

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NNN leased Walgreens with over 14 years remaining in Florida.

Type:RETAIL

Property size:

16,419 SF

Lot size:

2.00 Acres

Price / SF:

$441/SF

HighLights

Absolute NNN lease offers a completely passive, management‑free investment.
Over 14 years remaining on the initial Walgreens lease term, providing long‑term stable income.
Features 5% rental increases every 5 years throughout the initial term and option periods.
Located in Tamarac (Fort Lauderdale MSA), Florida.
Walgreens has 12 (5‑year) options to extend.
Walgreens is a nationally recognized company operating nearly 9,000 retail locations.

We can help!

Listing Contact

Patrick R. Luther, CCIM

Learn more

For Sale

Contact for pricing

NNN leased Walgreens with over 14 years remaining in Florida.

Type:RETAIL

Property size:

16,419 SF

Lot size:

2.00 Acres

Price / SF:

$441/SF

Added:: Apr 24, 2024
Days on Market:: 783
Last Refresh:: May 20 at 9:03 pm

Property Features for 6400 NW 57th St

General Information

Standard status: Active
Size: 16,419 SF
Lot size: 2.00 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Patrick R. Luther, CCIM

Listing agent Matthew Mousavi License #CA 01732226

Listing office SRS Industrial - Newport Beach

Listing date Apr 24, 2024

Source Moodyscre

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 Industrial - Newport Beach

HighLights

Absolute NNN lease offers a completely passive, management‑free investment.
Over 14 years remaining on the initial Walgreens lease term, providing long‑term stable income.
Features 5% rental increases every 5 years throughout the initial term and option periods.
Located in Tamarac (Fort Lauderdale MSA), Florida.
Walgreens has 12 (5‑year) options to extend.
Walgreens is a nationally recognized company operating nearly 9,000 retail locations.

Overview

This is an opportunity to acquire the fee simple interest in a Walgreens investment property located in Tamarac (Fort Lauderdale MSA), Florida. The property is an absolute NNN lease, offering a management-free investment opportunity for a passive investor. The tenant, Walgreen Co., has over 14 years remaining on their initial lease, with 12 (5-year) options to extend. The lease includes 5% rental increases every 5 years throughout the initial term and at the beginning of each option period. Walgreens operates nearly 9,000 retail locations across America, Puerto Rico, and the U.S. Virgin Islands, serving nearly 10 million customers each day. The property has a size of 16419 square feet.

Location Intelligence

Current Use by Public Records

Drug stores

Suggested Use

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Location Insight

Map
Local Demand

City: Fort Lauderdale
County: Broward
State: Florida
Longitude: -80.2362
Latitude: 26.1944

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What type of property is this?

Drug store - NNN leased Walgreens with over 14 years remaining in Florida.

Where is this drug store located?

The property is located at 6400 NW 57th St Fort Lauderdale, FL.

What is the asking price?

The asking price for this property is $7,248,000.

What are key features of this property?

This property features: Absolute NNN lease offers a completely passive, management‑free investment.; Over 14 years remaining on the initial Walgreens lease term, providing long‑term stable income.; Features 5% rental increases every 5 years throughout the initial term and option periods.

6400 NW 57th St, Fort Lauderdale, FL

NNN leased Walgreens with over 14 years remaining in Florida.

Property Features for 6400 NW 57th St

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Sunrise Boulevard Commercial Investment Opportunity

Fort Lauderdale Multifamily Investment Opportunity

Fort Lauderdale Retail/Office Building

Two-Unit Retail Storefront

Six-Unit Multifamily Property

Six-Unit Multifamily Property

Prime Location on W Broward Blvd

Triplex with Heated Pool

Fort Lauderdale Triplex with Pool

Fort Lauderdale Mediterranean Restaurant Opportunity

Fort Lauderdale Multifamily Investment Opportunity

Fort Lauderdale Multifamily Investment Opportunity

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