10870 Overseas Hwy Marathon, FL 33050

This is an opportunity to acquire a fee simple interest in an absolute NNN leased Walgreens investment property in Marathon, Florida. Walgreens recently signed a new 15-year lease with four 5-year options to extend, demonstrating commitment to the location. The lease includes 5% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. Walgreens operates nearly 9,000 retail locations across the U.S. and Puerto Rico, serving nearly 9 million customers and patients daily. The property is located at the signalized corner of Overseas Hwy and 109th St Gulf, with a combined traffic count of 31,000 vehicles per day. It is situated in a dense retail corridor near national tenants, including Bealls, Sherwin-Williams, Dunkin’, Circle K, Tire Kingdom, Hampton Inn, and Advance Auto Parts. The asset benefits from proximity to Florida Keys Marathon Airport, increasing consumer traffic. The property features visibility via street frontage and a pylon sign. The 5-mile trade area is supported by over 10,000 residents and 6,000 employees. Residents within a 1-mile radius have an average household income of $133,248. The property size is 16,904 square feet.