1402 Ohio Ave - Drug Store FOR SALE
Lynn Haven, FL 32444 |
$4,826,000 USD
419-944-3704
1402 Ohio Ave
Lynn Haven, FL 32444
HIGHLIGHTS
- New 15 Year Lease was Signed in September 2023, Illustrating Commitment to the Location
- Absolute Net Lease with Zero Landlord Responsibilities
- Attractive 5% Rental Increase Every 5 Years, Including Options
- Over 54,000 Vehicles Pass the Site Daily
- Positioned at the Signalized Intersection of Ohio Avenue (Highway 77) and W Highway 390, one of the Busiest Corridors in Bay County
- Lynn Haven’s Population Increased by 16.32% Since 2020 and is Expected to Continue Growing by 3% Annually
FOR SALE DETAILS
PRICE
$4,826,000 USD
PRICE/SF
$351 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Walgreens
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1999
SPRINKLERS
-
PARKING SPACES
67
LAND DETAILS
LAND ACRES
1.87 AC
LAND SF
81,457 SF
ZONING
SB
APN/PARCEL ID
10224-000-000
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419-944-3704
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419-944-3704
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