Investment Offering – $7,500,000
81891 Overseas Highway, Islamorada, FL 33036 (Florida Keys)
|Lease Term: 15||Remaining Term: 15|
|Lease Type: Modified NNN||Building Sq. Ft.: 12,500|
|Renewal Options: 7, Five Year Options|
- 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