901 S 14th St - Freestanding FOR SALE


Leesburg, FL 34748
$4,347,000 USD
516-428-6050
901 S 14th St, Leesburg, FL for Sale
$4,347,000 USD
Freestanding - FOR SALE
1/8
null | 6% Cap Rate

901 S 14th St
Leesburg, FL 34748


OVERVIEW

Current Real Estate Advisors is pleased to present the opportunity to acquire this Walgreens in Leesburg (Orlando MSA), FL (the “Property”), a freestanding ±14,313 SF retail building sited on 1.63 acres, located at the signalized corner (80K+ VPD) of the two main thoroughfares in the market, leading west to I-75, east to SR441, south to Orlando, and north to Gainesville. This Walgreens offering benefits from ±12.5 years remaining on their recently renewed Absolute NNN lease (zero landlord responsibilities). Further, it includes attractive 5% increases every 5 years, as well as 12, 5-year options - demonstrating this proven operator’s commitment to the location. The Property is available as part of a portfolio of Walgreens assets (available together or separately), presenting a unique opportunity for an astute investor to acquire strategically distributed real estate in Florida (or to hand pick their desired location for an individual acquisition), that includes properties with long-term stability, stable cash flow and excellent underlying real estate fundamentals. Strong Operating History - Walgreens has operated at this location for 20+ years and recently reaffirmed its long-term commitment by executing a new 15-year lease extension, underscoring the strength and performance of this store Secure + Steady Income Stream - Backed by a long-term Absolute NNN lease with zero landlord responsibilities, the Property features 5% rental increases every five years, delivering truly passive income and built-in inflation protection Robust RE Fundamentals - Strategically positioned at the signalized intersection of S 14th St/US Hwy 27 & South Street/W Dixie Ave (80,000+ VPD), this 1.6+ Acre site benefits from strong visibility within an established retail corridor Adjacent Market Drivers - Located at the intersection of “Main & Main” in the heart of downtown Leesburg, this Walgreens has extremely limited competition, allowing it to capture the vast majority of the surrounding customer base

FOR SALE DETAILS

PRICE

$4,347,000 USD

PRICE/SF

$304 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

67

LAND DETAILS

LAND ACRES

1.63 AC

LAND SF

71,046 SF

ZONING

C3

APN/PARCEL ID

27-19-24-0004-000-10300

ASK ABOUT THIS PROPERTY

Michael WilliamsCurrent Real Estate AdvisorsMore Info
516-428-6050

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Michael WilliamsCurrent Real Estate AdvisorsMore Info
516-428-6050

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