680 E Burleigh Blvd - Drug Store FOR SALE


Tavares, FL 32778
$5,187,000 USD
332-345-4222
680 E Burleigh Blvd, Tavares, FL for Sale
$5,187,000 USD
Drug Store - FOR SALE
1/2
null | 6% Cap Rate

680 E Burleigh Blvd
Tavares, FL 32778


HIGHLIGHTS

  • Absolute Triple Net Lease Lease is absolute triple net, and there are no landlord responsibilities.
  • Long-Term, 15-Year Lease with Rare Rental Increases of 5% Every Five Years
  • Lease Guaranteed by Walgreens Corporate Entity

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Walgreens located at 680 E Burleigh Blvd, Tavares, FL 32778. The site consists of roughly 14,723 rentable square feet of building space on an estimated 1.9-acre parcel of land. This Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced 8/28/2024. The current annual rent is $311,220 and has scheduled increases of 5.00% Every 5 Years.

FOR SALE DETAILS

PRICE

$5,187,000 USD

PRICE/SF

$352 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

-

APN/PARCEL ID

21-19-26-0003-000-008.07

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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