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3505 University Boulevard W - Walgreens, Jacksonville, FL

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DetailMap
3505 University Boulevard W - Walgreens

Jacksonville, FL 32217-2130 - San Marco Submarket

(3.7 MB)

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:1996
Building Size:13,905 SF Land Area:1.54 AC (67,082 SF)
For Sale Price:$5,275,000 Price/SF:$379.36
Cap Rate:5.79 %
Parking:Free Surface spaces are available; Ratio of 3.97/1,000 SF
Features:Pylon Sign, Signalized Intersection, Drive Thru



Sale Notes:
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens located in Jacksonville,
Florida. The property is strategically located at a heavily trafficked signalized intersection in a strong retail corridor. Walgreens
is committed to this location as evidenced by their recent execution of a 10 year lease extension. The Walgreens lease
expires August 31, 2026 and features eight 5-year renewal option periods.
The 13,905 square foot Walgreens is strategically located at the heavily trafficked signalized intersection of University
Boulevard W and St. Augustine Road. This intersection experiences traffic counts in excess of 38,000 vehicles per day and
University Boulevard W is the primary east-west thoroughfare in the trade area. The Walgreens is located one mile west of
Interstate 95 which experiences traffic counts in excess of 119,000 vehicles per day. The property is located across the street
immediately to the north of a TJ Maxx, Beall’s Outlet and LA Fitness anchored development. Located across the street to the
west is a Publix grocery store and BBVA Compass Bank. Additional retailers located in the surrounding trade area include
Winn-Dixie, Restaurant Depot, Bank of America, AutoZone, Fifth Third Bank, McDonald’s, Whataburger, Dollar Tree and
CVS. There are approximately 150,000 people living within a five mile radius of the property.
The Walgreens is strategically located in close proximity to several of Jacksonville’s largest and most important hospitals.
Memorial Hospital Jacksonville is located approximately two and one-half miles east of the property and is a 418-bed acute
care hospital offering a full line of services. Baptist Medical Center, Wolfson Children’s Hospital and Nemours Children’s
Clinic are three significant hospitals all located approximately five miles north of the Walgreens property. Baptist Medical
Center is a 477-bed hospital with 154,000 outpatient visits and 81,000 emergency room visits annually. Wolfson Children’s
Hospital is recognized year after year as one of America’s Best Children’s Hospitals by U.S. News & World Report and
features 216 beds. Nemours Children’s Clinic is an 11-story pediatric specialty care and research hospital.
Walgreens is the largest drug retailing chain in the United States and has over 8,100 locations in the U.S.A. Walgreens is
publicly traded on the New York Stock Exchange (WBA) with a market capitalization in excess of $90 billion. Both Walgreen
Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.

• Located in Jacksonville, Florida
• Walgreens is committed to this location as evidenced by their recent execution of a 10-year lease extension
• Long operating history at this location (since 1996) with an established customer base
• Long term lease with over 10 years remaining
• Investment grade rated tenant (S&P: BBB)
• Positioned at the hard corner of a heavily trafficked signalized intersection (38,000 VPD)
• Across the street from a Publix grocery store and a TJ Maxx, Beall’s Outlet & LA Fitness center
• Additional retailers located in the immediate vicinity include Winn-Dixie, Restaurant Depot, Bank of America,
BBVA Compass, AutoZone, Fifth Third Bank, McDonald’s, Whataburger & Dollar Tree
• Strategically located in close proximity to several of Jacksonville’s largest and most important hospitals including
Baptist Medical Center, Memorial Hospital Jacksonville, Wolfson Children’s Hospital and Nemours Children’s
• One mile west of Interstate 95 (119,000 VPD)
• Approximately 150,000 people living within a five mile radius of the property
• Surrounding area is home to many of Jacksonville’s most affluent residents and the San Jose Country Club
• Income tax free state

The Boulder Group
Randy Blankstein
(847) 562-0003

Jimmy Goodman
(847) 562-8500




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