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Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present for sale the Walgreens (the “Property” or “Asset”) located at 8900 Tamiami Trail North in Naples, FL. The 15,893 SF building was built in 1997 and features an absolute NNN lease with 5.0% increases every five years. This is a rare opportunity to acquire an trophy asset leased to an investment-grade credit tenant in an affluent trade area at a highly attractive yield.
The Property is located on a hard corner southeast of Mercato, a top lifestyle center in Naples. Strada, a luxury 92-unit apartment complex, and Residences at Mercato, a community of 55 single-family homes, were also developed just north of Mercato.
- Trophy Asset – Hard-Corner Site in the Heart of Renown, Affluent Naples, FL
- Outlot to Mercato – The Class A, 53-Acre Lifestyle Center With 445,000 SF of Retail/Office Space & 144 Luxury Residential Units
- Proximate to Pelican Bay Community With a Median Home Value of $2.5M – More Expensive Than 99% of US Communities
- Located in Strong Retail Corridor Containing 3 Life-Style Centers With 707,000+ SF of Retail, Residential, & Office Space
- Direct Exposure to Over 62,500 VPD via Vanderbilt Beach Rd and Tamiami Trail N, also known as US Highway 1