Magnolia Springs Pharmacy & Gifts
Retail | 4,750 SqFt
Marketing description
Magnolia Springs Pharmacy & Gifts is a multi-income commercial property located in the heart of the Magnolia Springs community on County Road 49 near Highway 98. The 4,750 SF main building houses an established pharmacy with drive-thru window, five office suites, and one upstairs apartment. A 1,637 SF residential rental home is also included on the same 0.91-acre parcel. The property offers seven total income streams with current monthly gross income of $5,050 and an estimated net operating income of $30,564. The pharmacy tenant occupies 2,400 SF and brings strong community goodwill and foot traffic as a long-standing local institution. The property is ideal for owner-occupants and offers sale/leaseback potential with flexible short-term office leases that provide opportunities for re-tenanting or repositioning.
Investment highlights
- Established Anchor Tenant - Magnolia Springs Pharmacy & Gifts occupies 2,400 SF and brings strong community goodwill and foot traffic as a long-standing local institution.
- Drive-Thru Pharmacy - Rare amenity for a small-market property — the drive-thru window adds convenience and a competitive advantage for the pharmacy tenant.
- Multiple Income Streams - Seven income sources on one parcel — 5 office suites, 1 upstairs apartment, and 1 residential rental home — diversify revenue and reduce risk.
- Ideal for Owner-Occupant - A business owner can occupy the pharmacy suite or any office space while leasing the remaining units, effectively offsetting occupancy costs.
- Sale / Leaseback Option - Current ownership may consider a sale/leaseback arrangement, providing a buyer with immediate, stable income from day one.
- Value-Add Potential - Short-term office leases provide flexibility to re-tenant at market rates or reposition the space for higher-value uses over time.
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