103 Indian Rocks Rd S - Drug Store FOR SALE


Belleair Bluffs, FL 33770
$8,200,000 USD
727-452-6864
103 Indian Rocks Rd S, Belleair Bluffs, FL for Sale
$8,200,000 USD
Drug Store - FOR SALE
1/4
null | 6% Cap Rate

103 Indian Rocks Rd S
Belleair Bluffs, FL 33770


HIGHLIGHTS

  • Located 5 minutes from Belleair Beach, directly next door to a Publix grocery store
  • 2003 Build-to-Suit
  • Absolute NNN leased to Walgreens - No Landlord Responsibilities
  • Corporate Guaranty, Tenant since 2003
  • Located at an "A" location, at a signalized intersection with combined AADT of 28,500 cars per day
  • 78,029 Residents, $99,658 Avg HH Income within 3 miles

OVERVIEW

RIPCO Real Estate is pleased to offer for sale 103 Indian Rocks Rd. South, an absolute NNN 14,490 SF single-tenant pharmacy currently occupied by a national retailer, Walgreens, in Belleair Bluffs, Florida. The asset is located at a signalized intersection at West Bay Drive and Indian Rocks Road less than 5 minutes to Belleair Beach, on of Pinellas County's most exclusive neighborhoods. More than 31,500 vehicles pass this location daily (AADT), with an average household income of $99,658 within a 3-mile radius of the property. Walgreens has been at the site for twenty (20) years and currently has 4 years of term left with single cancellation options starting on 8/31/2028 that renew every 5 years. The property offers an investor the opportunity to acquire a fully occupied property with stable cash flow and zero landlord responsibilities.

FOR SALE DETAILS

PRICE

$8,200,000 USD

PRICE/SF

$566 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.68 AC

LAND SF

73,181 SF

ZONING

-

APN/PARCEL ID

32-29-15-55350-011-0050

ASK ABOUT THIS PROPERTY

Ari RaviRipco Real EstateMore Info
727-452-6864

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Ari RaviRipco Real EstateMore Info
727-452-6864

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.