Walgreens NNN Property For Sale — Leesburg, FL
unknown, Leesburg, FL
This Walgreens NNN (triple net lease) property, located in Leesburg, FL, presents a compelling investment opportunity for commercial real estate investors. The property boasts 14,313 square feet of building space and was constructed in 2003. With a cap rate of 6.0%, this net lease property offers stable income potential at an asking price of $4,347,000, making it an attractive option for investors seeking quality commercial properties, including those engaged in 1031 exchanges. Walgreens net lease properties are known for providing predictable cash flow with minimal landlord responsibilities, backed by a nationally recognized brand with proven operational success. This property also qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes, with the tenant…
- Address: unknown, Leesburg, FL
- Asking price $4.35M
- 6.00% cap rate
- NOI $260,820
- 12.2 years remaining
- NNN lease
- Year built: 2003
- Building size: 14,313 SF
- Lot size: 1.63 acres
- Lease expiration: Feb 28, 2038
- Rent increases: 5% Every 5 Years
- Guarantor: Corporate
Location
This Walgreens property is at unknown in Leesburg, Florida.
Asset type: Retail/Pharmacy/Drug Store