This is a package deal . Walgreens:Walgreens-In first option year of 50 year lease ending in 2040. Renewed 2010-2015 at $199,084 NN/yr; the 2015-2020 option period was waived by Walgreens due rent concession down to the $199,084 making the next option period 2020-2025; in 2015 rent goes to $221,184. Walgreens invested $500,000 with the renewal. This Walgreens does not have drive through or Liquor. During the negotiations for the 2010-2020 period Walgreens indicated they wanted to lease the vacant lot referenced above to put in a drive through and liquor. In the last conversation with them in 2010 they wanted to do it but have not yet. The lease will be renegotiated if they want the vacant lot.Vacant Lot- (According to the owner), the lot is producing an annual income as a beach parking lot, operating Thursday thru Sunday most weeks in the Summer. This lot is included in the purchase price or can be excluded and current owner will keep the lot and deal with Walgreens should they lease for drive through and Liquor or it can be bought by new buyer. Both properties feed off of A1A (the ocean highway in Daytona). Located close to the new (and 5th largest) Conference Center in Florida.*Confidential information will be supplied with submittal and acceptance of a contingency contract.Click here for additional information
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
