Walgreens 3863 S Dale Mabry Hwy 14,164 SF Retail Building Tampa, FL 33611 $8,814,902 CAD ($622.35 CAD/SF) 6% Cap Rate

Current Real Estate Advisors is pleased to present the opportunity to acquire this Walgreens in Tampa, FL (the “Property”), a freestanding ±14,164 SF retail building sited on 1.58 acres, located at a signalized corner (38.5K+ VPD) and across the street from Britton Plaza—a 460K+ SF power center.
This Walgreens offering benefits from ±12.5 years remaining on their recently renewed Absolute NNN lease (zero landlord responsibilities). Further, it includes attractive 5% increases every 5 years, as well as 12, 5-year options - demonstrating this proven operator’s commitment to the location.
The Property is available as part of a portfolio of Walgreens assets (available together or separately), presenting a unique opportunity for an astute investor to acquire strategically distributed real estate in Florida (or to hand pick their desired location for an individual acquisition), that includes properties with long-term stability, stable cash flow and excellent underlying real estate fundamentals.
Strong Operating History - Walgreens has operated at this location for 20+ years and recently reaffirmed its long-term commitment by executing a new 15-year lease extension, underscoring the strength and performance of this store
Secure + Steady Income Stream - Backed by a long-term Absolute NNN lease with zero landlord responsibilities, the Property features 5% rental increases every five years, delivering truly passive income and built-in inflation protection
Robust RE Fundamentals - Strategically positioned at the signalized intersection of S Dale Mabry Hwy & W Bay Vista Ave (38,500+ VPD), this 1.5+ Acre site benefits from strong visibility within an established retail corridor
Adjacent Market Drivers - Located across the street from Britton Plaza—a 460K+ SF power center anchored by Publix, Marshalls, Michael’s, Burlington, Pet Supermarket, Big Lots and Family Dollar, amongst many others