Chiefland, FL
Price: $5,250,000
Cap Rate: 5.86%
Status: AVAILABLE

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Blue West Capital is pleased to exclusively offer for sale a single tenant net leased Walgreens property located in Chiefland, Florida.  Walgreens has a long-term lease with nine year remaining.  Walgreens is an investment grade rated company (S&P: BBB).

The Walgreens property is an outparcel to Walmart and positioned at a signalized intersection along North Young Boulevard (US 98).  There are numerous national retailers in the immediate area including Winn-Dixie, O’Reilly Auto Parts, Dollar Tree, Tractor Supply Company, McDonald’s, Dunkin’ Donuts, Burger King, and Taco Bell.

This property can be purchased individually or with several other STNL properties.  Contact broker for details.

  • Long-term lease with nine years remaining 
  • Absolute triple net lease with no landlord responsibilities 
  • Investment grade rated tenant (S&P: BBB)
  • Strategic Walmart outparcel
  • Positioned at a signalized intersection along North Young Blvd (U.S. 98)
  • Retailers located in the immediate corridor include Winn-Dixie, O’Reilly Auto Parts, Dollar Tree, Tractor Supply Company, McDonald’s, Dunkin’ Donuts, Burger King, Taco Bell, and many others
  • Closest Walgreens is over 28 miles away from the property 
  • Florida is an income tax-free state
  • Walgreens is a publicly traded company (NASDAQ: WBA) with a $31 billion market capitalization
  • Chiefland is know as the “Gem of the Suwannee Valley” and is 90 miles from Jacksonville and 110 miles from Orlando
  • Large 1.7-acre parcel

OFFERING SUMMARY

Price: $5,250,000
Cap Rate: 5.86%

Building Size: 14,820 SF
Land Size:
1.70 AC

INVESTMENT CONTACT

ZACH WRIGHT
Director & Partner
Investment Sales
720.966.1628
Zach@BlueWestCapital.com

BRANDON WRIGHT
Associate
Investment Sales
720.828.7457
Brandon.Wright@BlueWestCapital.com

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2022-09-12T15:44:19-07:00
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