Entity Owned Property summary
This exceptional investment opportunity presents a 15,120-square-foot Walgreens located in Lake City, Florida. The property, built in 2000, sits on a 2.04-acre lot with 71 parking spaces and enjoys a prime location at the signalized intersection of W US Hwy 90 and State Rd 247, boasting 42,000 vehicles per day. It's an outparcel to a retail center anchored by Home Depot, Aldi, and Dollar Tree, and benefits from proximity to I-75. The property features a strong 13-year NNN lease with… Walgreens (NASDAQ: WBA), providing a corporate guarantee and a substantial remaining lease term of 10.8 years. Rent increases of 5% every 5 years are built into the lease, extending through twelve 5-year option periods. The property's NOI is $332,640, resulting in a 6.75% cap rate, and is offered at an asking price of $4,930,000 ($358.47/sq ft). The surrounding area includes numerous national retailers, further enhancing the property's value and potential for long-term growth. This fee-simple offering presents a compelling investment opportunity with minimal landlord responsibilities and significant upside potential. The Gainesville-Lake City CSA boasts a population of 354,299 and includes several major employers.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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