Listed by Retail Investment Group LLC
$6,847,143
Walgreens Corporate Guarantee
Details
APN 30-26-16-0010-03900-0010
Property Type Retail
Sub Type Convenience Store, Pharmacy/Drug
Square Footage 12,723
Units 1
Cap Rate 7%
NOI $479,300
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens, CVS Pharmacy
Lease Type Absolute NNN
Lease Expiration 08/31/2034
Remaining Term 8.2
Rent Bumps No
Lease Options (10) 5 Year Options
Broker Co-Op Yes
Year Built 2009
Buildings 1
Stories 1
Acreage 1.360
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple
Corporate Guarantee | 7.0 CAP | Long-Term Absolute NNN
Marketing description
Retail Investment Group is pleased to present for sale this Walgreens in Holiday, Florida. This opportunity features a long-term Absolute NNN lease with over 8 years remaining. Situated on a signalized hard corner, this ±12,723 square foot building sits on ±1.36 acres and was built in 2009.
Investment highlights
Busy, signalized intersection with estimated traffic counts of 64,500 VPD on US-19 and nearly 9,000 VPD on Darlington Road
Located approximately 30 miles northwest of Tampa with population exceeding 400,000 as of 2023
About 18 miles north of Clearwater with a population of nearly 117,000 as of 2023
Walgreens operates nearly 8,000 stores throughout the U.S. and Puerto Rico
Listing Contacts
Listed by Retail Investment Group LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$479,300.00
$39,941.67/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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