915 S US Highway 1
Vero Beach, FL 32962

Marcus & Millichap is pleased to offer for sale this net leased (Roof and Structure are landlord responsibility), free standing Walgreen’s located at 915 S US Highway 1 Vero Beach, FL 32962, just a sort 20 minute drive south of the Jacksonville International Airport. The subject property consists of a 17,634 square foot pharmacy with two drive thru lanes and ample parking on a large 2.24 acres parcel. Strategically located at the signalized intersection of US. Highway 1 and Oslo Road with combined traffic counts in excess of 50,000 Vehicles Per Day. This location benefits from over 81,000 full time residences with a house hold income exceeding $70,000, annually There are currently 7 years remaining on an original 20 year lease with Eight- Five Year Options. The current rent is $14 per square foot, well below the current market. The subject property benefits from being directly across from a Publix Shopping anchored shopping center which includes Family Dollar, Wendy’s Vision Plus, Allstate, PakMail, H&R Block, Hair Cuttery and Mc Donald’s to name a few. Walgreens the nation’s second largest drugstore chain, constitutes the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc. (Nasdaq: WBA), the first global pharmacy-led, health and wellbeing enterprise. More than 8 million customers interact with Walgreens each day in communities across America, using the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice. Walgreens operates 8,175 drugstores with a presence in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Walgreens digital business includes Walgreens.com, drugstore.com, Beauty.com, SkinStore.com and VisionDirect.com. Walgreens also manages more than 400 Healthcare Clinic and provider practice locations around the country.