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103 Indian Rocks Rd S 14,490 SF Retail Building Belleair Bluffs, FL 33770 $11,154,542 CAD ($769.81 CAD/SF) 6% Cap Rate
Investment Highlights
- Absolute NNN lease with no landlord responsibilities
- There are just over 2.5 years remaining on the lease
- Located 5 minutes from Belleair Beach
- The tenant is responsible for all expenses associated with the property, including roof and structure
- The tenant has been at this location for over 20 years
- 77,933 population within a 3-mile radius
Executive Summary
RIPCO Real Estate is pleased to offer for sale 103 Indian Rocks Rd. South, an absolute NNN ±14,490 SF single-tenant pharmacy currently occupied by a national
retailer, Walgreens, in Belleair Bluffs, Florida. The asset is located at a signalized intersection at West Bay Drive and Indian Rocks Road. More than 32,000 vehicles
pass this location daily (AADT), with an average household income of $132,124 within a 3-mile radius of the property.
Walgreens has been at the site for twenty (20) years and currently has 2.5 years of term left with single cancellation options starting on 8/31/2028 that renew every
5 years. The property offers an investor the opportunity to acquire a fully occupied property with stable cash flow and zero landlord responsibilities.
retailer, Walgreens, in Belleair Bluffs, Florida. The asset is located at a signalized intersection at West Bay Drive and Indian Rocks Road. More than 32,000 vehicles
pass this location daily (AADT), with an average household income of $132,124 within a 3-mile radius of the property.
Walgreens has been at the site for twenty (20) years and currently has 2.5 years of term left with single cancellation options starting on 8/31/2028 that renew every
5 years. The property offers an investor the opportunity to acquire a fully occupied property with stable cash flow and zero landlord responsibilities.
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Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,490 SF
Building Class
B
Year Built
2003
Price
$11,154,542 CAD
Price Per SF
$769.81 CAD
Cap Rate
6%
NOI
$669,272 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.68 AC
Zoning
CG - General Commercial
Amenities
- Signage
- Air Conditioning
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,425,327 CAD | |
| Land Assessment | $1,549,975 CAD | Total Assessment | $3,975,302 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,549,975 CAD
Improvements Assessment
$2,425,327 CAD
Total Assessment
$3,975,302 CAD
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103 Indian Rocks Rd S
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