The Boulder Group is pleased to exclusively market for sale a single tenant net leased Walgreens property positioned within the Tampa MSA in Bradenton, Florida. Walgreens has successfully operated at this location since 2003 and recently signed a new 15-year lease through February 2039 demonstrating immense commitment. The lease features 5% rental escalations every five years throughout the term of the lease. It also contains twelve 5-year renewal options and is triple net with no landlord responsibilities. Walgreens is the second largest pharmacy store chain in the United States with a Fortune 500 ranking of 27 for total revenue. As an added benefit to potential buyers, Florida is an income tax free state.
The 14,388-square-foot building is strategically located at the signalized intersection of Cortez Road and 59th Street, where traffic flows exceed 68,000 vehicles daily. This prime signalized intersection places the property near several major retailers, including Walmart Supercenter, ALDI, Publix, Hobby Lobby, Regal, Bealls, Chase Bank, Chipotle, and many others. There are over 159,000 people living within a five-mile radius. Additionally, the population, within a 3-mile radius, is projected to grow by more than 17% over the next five years according to CoStar. The average household income within five miles is $84,438.
Walgreens is included in the Retail Pharmacy USA Division of Walgreens Boots Alliance, Inc., a global leader in retail pharmacy. As America’s most loved pharmacy, health and beauty company, Walgreens purpose is to champion the health and wellbeing of every community in America. Operating more than 8,600 retail locations across America, Puerto Rico and the U.S. Virgin Islands, Walgreens is proud to be a neighborhood health destination serving approximately 8 million customers each day. Walgreens pharmacists play a critical role in the U.S. healthcare system by providing a wide range of pharmacy and healthcare services.