WALGREENS | $6,109,091 | 4.95% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Walgreens a single-tenant property located at 6314 North 9th Avenue, Pensacola, Florida 32504.
Walgreens, who has occupied this site for 23 years, has signed a new 15 year absolute-net lease with rare 5% rental increases every five years. The reported store sales for this location are $7.8M (RX Excluded). Walgreens is near Pensacola's major hospital Ascension Sacred Heart and less than 1 mile from Pensacola State College which has 36,000 students and 648 employees. Situated at the intersection of 9th Avenue, Langley Avenue, and Tippin Avenue, Walgreens is passed by over 28,123 vehicles per day.