4255 Commercial Way - Drug Store FOR SALE


Spring Hill, FL 34606
$4,273,429 USD
415-625-2114
4255 Commercial Way, Spring Hill, FL for Sale
$4,273,429 USD
Drug Store - FOR SALE
1/2
null | 7% Cap Rate

4255 Commercial Way
Spring Hill, FL 34606


HIGHLIGHTS

  • Long Term Absolute NNN Lease with no landlord maintenance responsibilities
  • 5% Rent Increases every 5-years during the primary term and 12, 5-year option periods
  • Located Across From a Target & Publix-Anchored Center along Spring Hill’s main commercial
  • Excellent Visibility on Commercial Way with average daily traffic counts of 42,332 VPD

OVERVIEW

Long Term Absolute NNN Lease with no landlord maintenance responsibilities 5% Rent Increases every 5-years during the primary term and 12, 5-year option periods Located Across From a Target & Publix-Anchored Center along Spring Hill’s main commercial Excellent Visibility on Commercial Way with average daily traffic counts of 42,332 VPD Tampa Bay MSA Location** - Home to over 3.2 million residents Well-Established Retail Location with over 26 years of operational history (1) Rentable Area, Lot Size, Guarantor, Lease Terms, Building Specifications, Year Built, and Demographics are estimates. Buyer is responsible for verifying during the Due Diligence process.

FOR SALE DETAILS

PRICE

$4,273,429 USD

PRICE/SF

$284 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | 5% Increases

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

-

APN/PARCEL ID

R15-423-17-0000-0040-0000

ASK ABOUT THIS PROPERTY

John GlassThe Glass Group | Marcus & MillichapMore Info
415-625-2114

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John GlassThe Glass Group | Marcus & MillichapMore Info
415-625-2114

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