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.