Sold in 2017, this 15,525 square foot Walgreen’s is strategically located at the signalized intersection on the primary east-west thoroughfare in the area. The intersection of Silver Springs Boulevard – the primary east-west thoroughfare in the trade area – and 36th Ave Road experiences traffic counts in excess of 48,600 vehicles per day. The Ocala Golf Club, an 18-hole golf course, is less than one-quarter mile from the property. The College of Central Florida, which has a total enrollment in excess of 18,000 students, is located approximately five miles east of the property.
The Walgreens features a drive-thru and has excellent visibility and signage. Walgreens has successfully operated at this location since 1995 and has more than 11 years remaining on their primary lease term with five 5-year renewal option periods. Walgreens is committed to this location as evidenced by their recent lease extension and benefits from a low rent per square foot.
National retailers located in the area include Publix Supermarkets, Kmart, True Value Hardware, Dollar Tree, McDonald’s and Wells Fargo Bank.
Walgreens is the largest drug retailing chain in the United States and has over 8,175 locations in the United States. Walgreens is publicly traded on the Nasdaq Stock Market (symbol: WBA) with a market capitalization in excess of $88 billion. Both Walgreen Co. and Walgreens Boots Alliance, Inc. are investment grade rated each with a Standard & Poor’s rating of BBB.