Walgreens | NNN | Rockledge, FL

Pending

INVESTMENT OVERVIEW:
Price: $3,434,642
CAP Rate: 6.85%
Net Operating Income: $235,273
Square-Footage: 13,905
Lot Size: 1.92 AC

INVESTMENT HIGHLIGHTS:

  • 100% Fee Simple Interest
  • Corporate Guarantee
  • Income Tax Free State
  • Investment Grade Credit
  • Minimal Landlord Obligations
  • Net Leased Offering
  • S&P Rated BBB

PROPERTY INFORMATION:
This offering is for the 100% fee simple interest in the land and building. The property is leased to Walgreens under a long term net lease with 8 years of term remaining. The lease calls for minimal landlord obligations. The property is well positioned on a highly trafficked retail thoroughfare. Additionally the asset sits less than 2 miles from Wuesthoff Medical Center. The asset also benefits from its location at a signalized hard corner with excellent visibility.

LOCATION INFORMATION:
Rockledge is the oldest city in Brevard County, Florida. The city’s population was 24,926 at the 2010 United States Census, and is part of the Palm Bay−Melbourne−Titusville Metropolitan Statistical Area.

Price:$3,434,642
City:Rockledge
State:FL
Zip Code:32955
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