10870 Overseas HwyMarathon, FL 33050

This exceptional investment opportunity presents a fee-simple interest (land and building) in a 16,904 square foot Walgreens located at 10870 Overseas Hwy, Marathon, FL 33050. The property boasts a brand new 15-year absolute NNN lease with four 5-year renewal options, ensuring long-term stability. The lease includes 5% rental increases every five years, providing built-in protection against inflation and consistent NOI growth. With zero landlord responsibilities, this is an ideal passive investment. Built in 1996 and renovated in 2001, the property sits on a 1.49-acre lot with 50 parking spaces and benefits from a Mixed Use (MU) zoning designation. The property enjoys a prime location at a signalized intersection with high visibility and significant street frontage, including a large pylon sign. The strong demographics of the area, including an affluent average household income of $133,248 within a 1-mile radius and over 10,000 residents and 6,000 employees within a 5-mile radius, further enhance the investment's appeal. The property's location in a dense retail corridor with numerous national credit tenants creates strong tenant synergy and increased consumer traffic. Proximity to Florida Keys Marathon Airport adds to the site's accessibility and visibility. The current NOI is $421,875, representing a 5.50% cap rate on the $7,670,000 asking price. The APN is 00333890-000000.