Net Leased Walgreens – SOLD
1220 University Boulevard North, Jacksonville, FL –
ABSOLUTE BANKRUPTCY AUCTION
NN LEASE WITH WALGREENS CORPORATION
Madison Hawk is pleased to offer via Absolute Auction 1220 University Boulevard North in Jacksonville, FL. The property will be offered Absolute, regardless of price, subject only to the approval of the United States Bankruptcy Court, Southern District of New York, and will be sold to the highest bidder on Wednesday, September 18, 2013.
The 15,000 square foot building was built in 1999 and is leased to Walgreens through July, 2019 with eight, five-year renewals following 2019. The lease generates $302,000 of Net Operating Income.
BROKER PARTICIPATION INVITED
BY APPOINTMENT ONLY
Thursdays, August 22 & 29, September 5 & 12, 10:00 AM
Call us today at (800) 547-1045 to register for an on-site inspection.
The Property will be sold Absolute, Subject only to the approval of the US Bankruptcy Court. The Suggested Opening Bid at the auction is $1,500,000.
Wednesday, September 18, 2013
Hyatt Regency Jacksonville
225 E Coastline Drive
Jacksonville, FL 32202
Registration begins at 12:00PM and
the Auction commences at 1:00PM