7420 State Road 54 - Drug Store FOR SALE


New Port Richey, FL 34653
$5,115,000 USD
310-529-8833
7420 State Road 54, New Port Richey, FL for Sale
$5,115,000 USD
Drug Store - FOR SALE
1/9
null | 6.8% Cap Rate

7420 State Road 54
New Port Richey, FL 34653


HIGHLIGHTS

  • Corporate lease is guaranteed by Walgreens.
  • NNN; no landlord responsibilities.
  • 13 year term with rent increases of five percent (5%) every five (5) years.
  • Situated with excellent access and visibility at the signalized hard corner of Rowan/Seven Springs Boulevard and State Route 54.
  • Combined traffic count of 77,500 vehicles per day.
  • Prominently located in robust retail trade area.

OVERVIEW

Walgreens is situated with excellent access and visibility at the signalized hard corner of Rowan/Seven Springs Boulevard and State Route 54. Walgreens is also 0.3 miles south of Pasco Square Mall, which is anchored by Bealls, Home Centric and DG Market, and further occupied by Dollar Tree, Badcock Home Furniture, Thomas Orthodontics, Cricket Wireless, Toast, and Subway, among others. Additional traffic drivers with a presence in the immediate vicinity include Worthington Court Apartments (0.2 miles east; 152 units), Anclote Elementary School (1.3 miles southeast; 458 students), Longleaf Elementary School (2.8 miles east; 678 students), and HCA Florida Trinity Hospital (2.8 miles southeast; 340 Beds). The Tampa Bay Area is a metropolitan region of west central Florida adjacent to Tampa Bay. It is considered equivalent to the Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area (MSA Population: 3.2M). The metro area boasts a labor force of 1.9 million, and major industries include tourism, healthcare, finance, insurance, technology, construction, and maritime industry. Several Fortune 500 companies are headquartered in the metropolitan area including Publix Super Markets, Jabil Inc., WellCare Health Plans, and Raymond James Financial, among many others.

FOR SALE DETAILS

PRICE

$5,115,000 USD

PRICE/SF

$338 USD /SF

CAP RATE

6.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

C1

APN/PARCEL ID

22-26-16-0000-00100-0000

ASK ABOUT THIS PROPERTY

Rich LydonEquity Investment AdvisorsMore Info
310-529-8833

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Rich LydonEquity Investment AdvisorsMore Info
310-529-8833

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