Description

Current Real Estate Advisors is offering a Walgreens property for sale in Coconut Creek, Florida, within the Fort Lauderdale metro area. The single-tenant retail building spans approximately 14,478 square feet and sits on a 2.14-acre lot at a busy signalized intersection with over 84,500 vehicles per day. Located next to The Marketplace at Hillsboro, a 110,000+ square foot shopping center anchored by Key Food, the property enjoys high visibility and solid real estate fundamentals.Walgreens has operated at this site for over 20 years and recently extended its lease for 15 more years, leaving around 12.5 years remaining on an Absolute NNN lease with no landlord responsibilities. The lease includes 5% rent increases every five years and 12 additional 5-year renewal options, providing long-term income stability and inflation protection.