Log In/Sign Up
Your email has been sent.
Walgreens | 12+yrs Remain Corp Abs NNN 36515 State Road 54 14,237 SF Retail Building Zephyrhills, FL 33541 $5,680,674 CAD ($399.01 CAD/SF) 8% Cap Rate
Investment Highlights
- 12+ Years Remaining | Scheduled Rental Increases
- Signalized, Hard Corner Intersection | Strong National Retailers
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | Tampa MSA
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, drive-thru equipped, Walgreens investment property located in Zephyrhills, Florida (Tampa MSA). The tenant, Walgreen Co., has over 12 years remaining on its lease with 12 (5-year) options to extend. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,237 SF
Building Class
B
Year Built
2010
Price
$5,680,674 CAD
Price Per SF
$399.01 CAD
Cap Rate
8%
NOI
$454,440 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.55 AC
Opportunity Zone
Yes
Zoning
C2 - General Commercial District
Parking
51 Spaces (3.58 Spaces per 1,000 SF Leased)
Frontage
225’ on Florida 54
Amenities
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 09-26-21-0010-12500-0010 | Improvements Assessment | $1,740,320 CAD |
| Land Assessment | $1,237,936 CAD | Total Assessment | $2,978,256 CAD |
Property Taxes
Parcel Number
09-26-21-0010-12500-0010
Land Assessment
$1,237,936 CAD
Improvements Assessment
$1,740,320 CAD
Total Assessment
$2,978,256 CAD
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Walgreens | 12+yrs Remain Corp Abs NNN | 36515 State Road 54
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.