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Walgreen's 35553 US Hwy 19 N 15,432 SF Retail Building Palm Harbor, FL 34683 $6,449,824 CAD ($417.95 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Trophy Hard Corner Real Estate: Positioned at a highly visible signalized intersection with excellent accessibility
- Massive Exposure (+90,000 VPD): The property benefits from exceptional visibility along US-19, which carries roughly 90,000 vehicles daily
- Strong Purchasing Power: The 5-mile radius boasts an average household income over $115,000
- Value-Add / Covered Land Play: With 4 years remaining on the lease, this asset offers ultimate flexibility for an investor
- High Barrier-to-Entry Market: Pinellas County is the most densely populated county in Florida
- Store Performance: This store ranks in the 100th percentile for the city, making it the #1 most visited Walgreens out of the 4 locations in Palm Harbo
Executive Summary
Kyle Matthews
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # CQ1066435, BK3554632 (FL)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
- -
Labcorp began in Burlington, North Carolina, in 1995 as a local laboratory that later grew through decades of expansion and scientific investment. The company now operates as a global life sciences and healthcare business focused on diagnostics and drug development support, with services that help patients, providers, and biopharma organizations make healthcare decisions. Labcorp’s work spans clinical laboratory testing, genetics, and other specialized laboratory services, reflecting a business model built around advancing health through data and scientific insight.
-
- Retailer
- -
- $16.16 CAD
- Triple Net
- Jul 2029
Walgreens Boots Alliance traces its roots to Walgreens, founded in Chicago in 1901, and later grew through the combination with Alliance Boots into a broader healthcare, pharmacy, and retail business. The company describes itself as an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients every day. Its business spans retail pharmacy, prescription services, health and wellness products, and related healthcare offerings, reflecting a focus on community-based care and access to medicines and services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | - | - | - | |
|
|
Retailer | - | $16.16 CAD | Triple Net | Jul 2029 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 31-27-16-00315-001-0030 | Improvements Assessment | $3,319,703 CAD |
| Land Assessment | $1,299,229 CAD | Total Assessment | $4,618,931 CAD |
Property Taxes
Presented by
Walgreen's | 35553 US Hwy 19 N
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