Walgreens – Islamorada, FL

By February 8, 2017Available Properties

Investment Offering – $7,500,000

81891 Overseas Highway, Islamorada, FL 33036 (Florida Keys)

NOI: $350,000
Lease Term: 15 Remaining Term: 15
Lease Type: Modified NNN Building Sq. Ft.: 12,500
Renewal Options: 7, Five Year Options

PROPERTY HIGHLIGHTS

  • Brand New 15 year lease term with 5% rent bumps in all seven, 5 year option periods.
  • Site is located on a triple lot in the Heart of Islamorada Village, The Sports Fishing Capital of the World
  • Irreplaceable location surrounded by resorts, residential communities and majority of retail tenant servicing the Middle keys.
  • Long Term Lease backed by Walgreen Co.
  • Tenant has a BBB investment grade credit rating by Standard and Poor’s
  • Excellent access, ingress and egress from front and rear of property with a huge parking lot
  • Over 25,000 vehicles per day on Overseas Highway
  • Limited competition in the market and highly sought after site by Walgreens
  • Located within the main retail corridor of Upper Matecumbe Key just outside the entrance to the Islander Resort, A Guy Harvey Outpost and just down the street to the Cheeca Lodge & Spa.
  • This Site is one out of only ten sites approved by the Tenant this year, very high barriers to entry in this submarket

CONTACT US

PAUL TRUPIA III
P: 646.791.0818
paul@kentwoodcapital.com

ED BRESLIN
P: 310.774.3790
ebreslin@kentwoodcapital.com

OFFERING
MEMORANDUM

To download the offering memorandum, please enter your name, email address and indicate whether you are a Buyer or Broker:

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