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Walgreens 4420 NW Federal Hwy

14,560 SF Retail Building Jensen Beach, FL 34957 $4,325,000 ($297/SF) 6.15% Cap Rate

Executive Summary

- Low Rent Per Square Foot at $18.27/SF.
- Very High Traffic Count as Property is Strategically Positioned on the Hard Corner of NW Federal Highway (72.5K Cars Per Day) and SE
Westmoreland Boulevard (12k Cars Per Day)
- Fantastic Visibility, Pylon Signage on Corner, Points of Ingress and Egress on Each Road, and is Equipped with a Double Drive-Thru
- Oversized Building and Lot with a 14,560 Square Foot Building and a 1.5 Acre Lot
- In the Heart of the Main Retail Thoroughfare Surrounded by a Plethora of National Retailers Including Home Depot, Harbor Freight,
Lowes, Publix, Walmart, Sam's Club, Aldi,
- Hobby Lobby, Target, Dicks, Zaxby's, 7-Eleven, Starbucks, Chipotle and many more
- Located in a Dense and Growing Area Along Florida's Southeast Shoreline, Midway Between Vero Beach and West Palm Beach with
Over 116,000 People Living Within a 5-Mile Radius Making an Average Household Income of over $93,500.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,560 SF
Building Class
B
Year Built
2005
Price
$4,325,000
Price Per SF
$297
Cap Rate
6.15%
NOI
$265,950
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.50 AC
Zoning
GC
Frontage
173 FT on NW Federal Hwy

Nearby Major Retailers

ALDI
Bj's Wholesale Club
Cracker Barrel Old Country Store
Buddy's Home Furnishings
Publix
Orangetheory Fitness
The Original Pancake House
Truist
Applebee's
Checkers
  • Listing ID: 31612556

  • Date on Market: 4/25/2024

  • Last Updated:

  • Address: 4420 NW Federal Hwy, Jensen Beach, FL 34957

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