This exceptional investment opportunity presents a fee-simple, Class A, single-tenant Walgreens pharmacy located at 2821 W 25th St, Sanford, FL 32771. The property boasts 14,550 square feet on a 1.75-acre lot, situated on a hard corner with excellent visibility and accessibility, adjacent to a Walmart Neighborhood Market. The property benefits from a corporate-guaranteed, absolute NNN lease with Walgreens, offering a truly passive income stream. The lease commenced September 1, 2010, and has a remaining term of approximately 8.9 years, expiring September 30, 2033. The current annual net operating income (NOI) is $329,000, representing a 5.5% cap rate and a price per square foot of $411.34. Built in 2008, the single-story building features ample parking (3.36 spaces per 1,000 sq ft). The asking price is $5,985,000. An existing loan with a 3.85% interest rate and a balance of approximately $3,700,000 maturing August 9, 2026, is assumable. This presents a unique value-add opportunity in a strong growth market with over 134,000 residents within a 5-mile radius and average annual incomes exceeding $87,000. The property enjoys high traffic volume, exceeding 30,000 vehicles daily. This is a compelling investment for those seeking a stable, high-return, low-risk opportunity.
Highlights
Dark site available for redevelopment.
Absolute NNN lease; no landlord responsibilities.
Significant value-add potential.
High traffic count exceeding 30,000 vehicles daily.
The property is located at 2821 25Th St Sanford, FL.
What is the asking price?
The asking price for this property is $5,985,000.
What are key features of this property?
This property features: Dark site available for redevelopment.; Absolute NNN lease; no landlord responsibilities.; Significant value-add potential.
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25Th St Sanford, FL 32771
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