Log In/Sign Up
Your email has been sent.
Walgreens 680 E Burleigh Blvd 14,723 SF Retail Building Tavares, FL 32778 $6,683,665 CAD ($453.96 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple Net Lease | Lease is absolute triple net, and there are no landlord responsibilities.
- Lease Guaranteed by Walgreens Corporate Entity | Walgreens is one of the nation's largest leading drugstore chains, operating 8,600+ drugstores
- Long-Term, 15-Year Lease with Rare Rental Increases of 5% Every Five Years
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Walgreens located at 680 E Burleigh Blvd, Tavares, FL 32778. The site consists of roughly 14,723 rentable square feet of building space on an estimated 1.9-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 8/28/2024. The current annual rent is $311,220 and has scheduled increases of 5.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,723 SF
Building Class
C
Year Built
2009
Price
$6,683,665 CAD
Price Per SF
$453.96 CAD
Cap Rate
6.50%
NOI
$434,438 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.90 AC
Zoning
C2
Parking
71 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
314’ on E Burleigh Blvd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-19-26-0010-000-00300 | Improvements Assessment | $1,785,689 CAD |
| Land Assessment | $1,876,634 CAD | Total Assessment | $3,662,323 CAD |
PROPERTY TAXES
Parcel Number
21-19-26-0010-000-00300
Land Assessment
$1,876,634 CAD
Improvements Assessment
$1,785,689 CAD
Total Assessment
$3,662,323 CAD
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Walgreens | 680 E Burleigh Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.