Walgreens - Tavares, FL
Absolute NNN Walgreens NNN Lease with Rent Increases
Marketing description
The Issenberg-Britti Group of Surmount is pleased to present for sale this Walgreens Pharmacy Store located at 680 East Burleigh Blvd. in Tavares, Florida (Population 19,003) and part of the Kissimmee-Sanford Metropolitan Statistical Area (Population 2.95 million).
Tavares sits on an isthmus between Lake Eustis to the north and Lake Dora to the south and is bordered by the city of Eustis to the northeast and Lake Harris to the west. U.S. Route 441 passes through the north side of Tavares.
Apartment complexes nearby include Atwater Apartments and New Home developments include Avalon Park Tavares by D.R. Horton (228 Residential Units) and Avex Homes (113 Lots) as part of a 155-acre master planned community. Upon completion, Avalon Park Tavares will have over 15 acres of parks, walking paths, and lakes will be intertwined with more than 1,100 units and an additional mixed use town center with 250,000 square feet of commercial space. Also nearby this Walgreens is PAM Rehabilitation Hospital with 42 rooms. This 15-Year Triple-Net Walgreens Lease has 13 years remaining on the base term with 12 Renewal Options of 5 years each and 5 percent increases in rent every 5 years and also during the 12 Renewal Periods and no landlord responsibilities.
Walgreens Corporation has been around for 125 years as a cornerstone in local communities with. In 2025 Walgreens announced it would operate as a private standalone company following acquisition by Sycamore Partners. Today there are over 8,000 Walgreen locations in 50 states and Puerto Rico with over 211,000 team members.
Investment highlights
- Walgreens Pharmacy Store Located at 680 East Burleigh Blvd. in Tavares, Florida. Part of Kissimmee-Sanford Metropolitan Area (Population 2.95 million)
- 13 Years Remaining on the original 15 Year Absolute NNN Lease | 5% Rent Increases every 5 Years
- Situated at a Signalized Intersection with more than 41,132 Vehicles per Day Traffic Counts
- Down the street from AdventHealth Waterman: A 300 Bed Hospital and nearby PAM Rehabilitation Hospital with 42 Beds
- Located Near Lake Eustis to the North and Lake Dora to the South and Bordered by the City of Eustis to the Northeast
- Apartment Complexes Nearby Include Atwater Apartments and New Home Developments
- Avalon Park Tavares a Master Planned Community with Over 1,100 Units and a MixedUse Town Center
- Walgreens Corporation has Over 8,000 Locations in all 50 States and Puerto Rico with Over 211,000 Team Members
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