205 W Madison St - Drug Store FOR SALE


Starke, FL 32091
$5,300,000 USD
918-510-6765
205 W Madison St, Starke, FL for Sale
$5,300,000 USD
Drug Store - FOR SALE
1/2
null | 6.6% Cap Rate

205 W Madison St
Starke, FL 32091


HIGHLIGHTS

  • High-Traffic Intersection | The property is positioned along N Temple Ave (U.S. Highway 301), one of the most heavily trafficked corridors
  • Established Retail Trade Area | Located in the heart of Starke’s primary commercial corridor, the property is surrounded by national brands
  • Proximity to Schools & Community Hubs | The site benefits from close proximity to key educational and civic institutions

OVERVIEW

Surmount is pleased to present this exclusive listing for a Walgreens located at 205 West Madison Street, Starke, FL 32091. The site consists of roughly 14,259 rentable square feet of building space on an estimated 1.6-acre parcel of land. This Walgreens is subject to a 25 Years-year Triple Net (NNN) lease, which commenced 3/1/2007. The current annual rent is $350,000 and has scheduled increases of flat.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$372 USD /SF

CAP RATE

6.6%

% 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

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.6 AC

LAND SF

69,696 SF

ZONING

-

APN/PARCEL ID

03151-0-00000

ASK ABOUT THIS PROPERTY

Daniel PriceSurmountMore Info
918-510-6765

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Daniel PriceSurmountMore Info
918-510-6765

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.