WALGREENS | $4,750,000 | 4.99% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Walgreens a single-tenant property located at 85 Beverly Parkway, Pensacola, Florida 32505.
Walgreens, who has occupied this site for 15 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 $2.2M (RX Excluded). Walgreens is near Pensacola's major hospital Ascension Sacred Heart which has 1,000+ employees and 566 staffed beds. Just one half mile away Pensacola Christian College enrolls 5,000+ students and 2,600+ employees. Situated at the hard corner intersection of Beverly Parkway & North Palafox Street Walgreens is passed by over 59,400+ vehicles per day.