Walgreens Leased Properties

The Boulder Group is pleased to exclusively market a single tenant net leased Walgreens leased properties located in Jacksonville, Florida. The property is strategically located at a heavily trafficked signalized intersection in a strong retail corridor. Walgreens is committed to this location as evidenced by their recent execution of a 10 year lease extension. The Walgreens lease expires August 31, 2026 and features eight 5-year renewal option periods.

The 13,905 square foot Walgreens is strategically located at the heavily trafficked signalized intersection of University Boulevard W and St. Augustine Road. This intersection experiences traffic counts in excess of 38,000 vehicles per day and University Boulevard W is the primary east-west thoroughfare in the trade area. The Walgreens is located one mile west of Interstate 95 which experiences traffic counts in excess of 119,000 vehicles per day. The property is located across the street immediately to the north of a TJ Maxx, Beall’s Outlet and LA Fitness anchored development. Located across the street to the west is a Publix grocery store and BBVA Compass Bank. Additional retailers located in the surrounding trade area include Winn-Dixie, Restaurant Depot, Bank of America, AutoZone, Fifth Third Bank, McDonald’s, Whataburger, Dollar Tree and CVS. There are approximately 150,000 people living within a five mile radius of the property.

The Walgreens leased properties is strategically located in close proximity to several of Jacksonville’s largest and most important hospitals. Memorial Hospital Jacksonville is located approximately two and one-half miles east of the property and is a 418-bed acute care hospital offering a full line of services. Baptist Medical Center, Wolfson Children’s Hospital and Nemours Children’s Clinic are three significant hospitals all located approximately five miles north of the Walgreens property. Baptist Medical Center is a 477-bed hospital with 154,000 outpatient visits and 81,000 emergency room visits annually. Wolfson Children’s Hospital is recognized year after year as one of America’s Best Children’s Hospitals by U.S. News & World Report and features 216 beds. Nemours Children’s Clinic is an 11-story pediatric specialty care and research hospital.

Walgreens is the largest drug retailing chain in the United States and has over 8,100 locations in the U.S.A. Walgreens is publicly traded on the New York Stock Exchange (WBA) with a market capitalization in excess of $90 billion. Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.

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