Walgreens - Homestead, FL

The subject property is a newly constructed 14,820 SF free standing Walgreens located on 1.82 Acres +/- in Homestead, Florida. Property is an out parcel to a brand new Publix-anchored shopping center and is located at the SEC of SW 152nd Avenue and 312th Street. The property is leased to Walgreen Co. on a 75 year absolute NNN lease which commenced in March 2007. Walgreens has the option to terminate after the 25th year and at the end of each five (5) year option period thereafter. The lease includes the typical Walgreens percentage rent clause.