2580 Crawfordville Hwy Crawfordville, FL 32327

Property Details for 2580 Crawfordville Hwy

Year built

2006

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.09 lot acres

Property size

15,988 SF

Property type

Drug stores

APN

00-00-075-000-10237-001

APU

7500010237001

Description

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.

Location Insight

City

Crawfordville

County

Wakulla

State

Florida

Longitude

-84.3713

Latitude

30.1953

CBSA code

45220

CBSA name

TALLAHASSEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments