For Sale
$5,985,000

2821 25Th StSanford, FL 32771

High-yield, low-maintenance Walgreens.

Overview

Added:
Dec 11, 2024
Days on market:
124
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.
  • 11+ years remaining on the existing lease.
  • Investment-grade tenant (NASDAQ: BBB).

Property Details for 2821 25Th St

Property type
Retail properties, Drug stores
Square Feet
14,550 SF
Class
A
Year Built
2008
Buildings
1
Stories
1
Lot Size (sq. ft)
76,230 SF

Location Insight

City
Sanford
County
Seminole
State
Florida
Latitude
28.7865336
Longitude
-81.3014732
2821 25Th St, Sanford, Florida

FAQs

What type of property is this?
Retail property - High-yield, low-maintenance Walgreens.
Where is the retail property located?
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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2821 25Th St
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