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Walgreens 2580 Crawfordville Hwy 12,689 SF Retail Building Crawfordville, FL 32327 $3,414,000 ($269.05/SF) 7.25% Cap Rate
Investment Highlights
- Absolute NNN lease
- Walgreens is S&P Rated BBB- providing long-term security.
- Positioned near the signalized intersection of Crawfordville Hwy & Wakulla Arran Rd which has a combined traffic count of 20,000 VPD.
- Lease calls for 5% rental increases every 5 years throughout the base term providing a hedge against inflation.
- Excellent Demographics with an Average Household Income over $100,000
Executive Summary
2580 Crawfordville Highway represents a secure, income-generating net lease investment underpinned by industry-leading tenant Walgreens. This single-tenant property operates under an absolute NNN lease—offering a completely passive ownership structure with zero landlord responsibilities. With over 11.5 years remaining and 5% rental increases every 5 years, the lease structure ensures predictable, inflation-hedged income over the long term.
Strategically positioned on US Hwy 319, the property occupies a high-profile corner near a signalized intersection boasting a combined traffic volume of 20,000+ vehicles per day. The site spans ±2.27 acres with a spacious layout incorporating a dedicated turn lane and drive-thru to maximize operational efficiency.
Surrounding co-tenancy includes Publix, Tractor Supply, Winn-Dixie, and Ace Hardware, reinforcing the location as a dominant retail trade zone. With local household incomes averaging $100,000+, this affluent, growing community supports strong store performance and ongoing relevance for essential service retail.
Strategically positioned on US Hwy 319, the property occupies a high-profile corner near a signalized intersection boasting a combined traffic volume of 20,000+ vehicles per day. The site spans ±2.27 acres with a spacious layout incorporating a dedicated turn lane and drive-thru to maximize operational efficiency.
Surrounding co-tenancy includes Publix, Tractor Supply, Winn-Dixie, and Ace Hardware, reinforcing the location as a dominant retail trade zone. With local household incomes averaging $100,000+, this affluent, growing community supports strong store performance and ongoing relevance for essential service retail.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,689 SF
Building Class
B
Year Built
2006
Price
$3,414,000
Price Per SF
$269.05
Cap Rate
7.25%
NOI
$247,515
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.04 AC
Parking
65 Spaces (5.12 Spaces per 1,000 SF Leased)
Frontage
338’ on Crawfordville Hwy Hwy
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Security System
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Air Conditioning
- Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,449,711 | |
| Land Assessment | $647,540 | Total Assessment | $2,097,251 |
Property Taxes
Parcel Numbers
Land Assessment
$647,540
Improvements Assessment
$1,449,711
Total Assessment
$2,097,251
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Walgreens | 2580 Crawfordville Hwy
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