4420 NW Federal Hwy Jensen Beach, FL 34957

This exceptional investment opportunity presents a 14,560 square foot Walgreens pharmacy situated on a 1.5-acre lot at 4420 NW Federal Hwy, Jensen Beach, FL 34957. The property boasts a strong corporate guarantee and a NNN lease with a remaining term of six years, expiring November 29, 2030. Positioned on a hard corner with excellent visibility, the location benefits from exceptionally high traffic counts exceeding 84,000 vehicles daily, due to its strategic placement on NW Federal Highway and SE Westmoreland Boulevard. The property features a double drive-thru, pylon signage, and convenient ingress/egress points. The asking price is $4,350,000, representing a price per square foot of $298.76 and a 6.11% cap rate with a net operating income (NOI) of $266,000. This Walgreens is surrounded by numerous national retailers, including Home Depot, Lowe's, Publix, Walmart, and more, in a densely populated and growing area midway between Vero Beach and West Palm Beach. The area's population within a 5-mile radius exceeds 116,000, with an average household income over $93,500. This presents a compelling investment opportunity with significant potential for long-term growth and strong returns.