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    2580 Crawfordville Hwy Crawfordville, FL 32327

    Sponsored
    For Sale
    $3,665,000

    High-yield Walgreens, 11.5+ years remaining.

    Property size:
    12,689 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 12,689 square foot Walgreens pharmacy located at 2580 Crawfordville Hwy, Crawfordville, FL 32327. The property sits on a 2.27-acre lot and boasts a strong location near the intersection of Crawfordville Hwy & Wakulla Arran Rd, experiencing a combined traffic count of 20,000 vehicles per day. This absolute NNN net lease features a corporate guarantee from Walgreens, an S&P rated BBB- tenant, ensuring long-term security. With 11.5+ years remaining on the lease, the property offers significant stability and predictable income. The lease includes 5% rent bumps every 5 years, providing a hedge against inflation. The current asking price is $3,665,000, representing a 6.75% cap rate and a price per square foot of $288.83. The property's strong NOI of $247,350 reflects its consistent performance. Built in 2006, this Walgreens benefits from its location in a high-income market with average household incomes exceeding $100,000. The property is situated within a thriving retail trade area, close to other national retailers such as Publix, Tractor Supply, Winn Dixie, and Ace Hardware. Lease options include a 12-year and five-year renewal. This is a rare opportunity to acquire a high-performing, well-located Walgreens investment property with significant long-term growth potential.

    Property Features for 2580 Crawfordville Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,689 SF
    Lot Size
    98,881 SF

    Building Details

    Year Built
    2006

    HighLights

    • Absolute NNN lease with 11.5+ years remaining.
    • 5% rental increases every 5 years.
    • Walgreens (S&P BBB-) provides long‑term security.
    • Excellent demographics; average household income exceeds $100,000.
    • High‑traffic location (20,000 VPD) at Crawfordville Hwy & Wakulla Arran Rd intersection.
    • Strong retail corridor on Crawfordville Hwy (319), near Publix, Tractor Supply, Winn‑Dixie, Ace Hardware, and other national tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Walgreens Photo Passport Photo Processor Walgreens Drug Store FedEx OnSite Mailing Service LibertyX Bitcoin ATM Atm Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Crawfordville
    County
    Wakulla
    State
    Florida
    Longitude
    -84.3716507
    Latitude
    30.1951424

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Walgreens, 11.5+ years remaining.
    Where is this individual retail property located?
    The property is located at 2580 Crawfordville Hwy Crawfordville, FL.
    What is the asking price?
    The asking price for this property is $3,665,000.
    What are key features of this property?
    This property features: Absolute NNN lease with 11.5+ years remaining.; 5% rental increases every 5 years.; Walgreens (S&P BBB-) provides long-term security.
    Request Owner's contact information
    2580 Crawfordville Hwy Crawfordville, FL 32327
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2580 Crawfordville Hwy Crawfordville, FL 32327
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