Walgreens 680 E Burleigh Blvd 14,723 SF Retail Building Tavares, FL 32778 $6,997,720 CAD ($475.29 CAD/SF) 6.25% Cap Rate

The Issenberg-Britti Group of Surmount is pleased to present for sale this Walgreens Pharmacy Store located at 680 East Burleigh Blvd. in Tavares, Florida (Population 19,003) and part of the Kissimmee-Sanford Metropolitan Statistical Area (Population 2.95 million).
Tavares sits on an isthmus between Lake Eustis to the north and Lake Dora to the south and is bordered by the city of Eustis to the northeast and Lake Harris to the west. U.S. Route 441 passes through the north side of Tavares.
Apartment complexes nearby include Atwater Apartments and New Home developments include Avalon Park Tavares by D.R. Horton (228 Residential Units) and Avex Homes (113 Lots) as part of a 155-acre master planned community. Upon completion, Avalon Park Tavares will have over 15 acres of parks, walking paths, and lakes will be intertwined with more than 1,100 units and an additional mixed use town center with 250,000 square feet of commercial space. Also nearby this Walgreens is PAM Rehabilitation Hospital with 42 rooms. This 15-Year Triple-Net Walgreens Lease has 13 years remaining on the base term with 12 Renewal Options of 5 years each and 5 percent increases in rent every 5 years and also during the 12 Renewal Periods and no landlord responsibilities.
Walgreens Corporation has been around for 125 years as a cornerstone in local communities with. In 2025 Walgreens announced it would operate as a private standalone company following acquisition by Sycamore Partners. Today there are over 8,000 Walgreen locations in 50 states and Puerto Rico with over 211,000 team members.