36515 State Road 54 - Drug Store FOR SALE


Zephyrhills, FL 33541- Zephyrhills Area
$4,300,000 USD
949-270-8206
36515 State Road 54, Zephyrhills, FL for Sale
$4,300,000 USD
Drug Store - FOR SALE
1/9
null | 7.75% Cap Rate

36515 State Road 54
Zephyrhills, FL 33541
Zephyrhills Area


HIGHLIGHTS

  • 12+ Years Remaining | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Strong National Retailers
  • Strong Demographics In 5-Mile Trade Area | Tampa MSA

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, drive-thru equipped, Walgreens investment property located in Zephyrhills, Florida (Tampa MSA). The tenant, Walgreen Co., has over 12 years remaining on its lease with 12 (5-year) options to extend. The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$302 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | 12+yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,565 SF

ZONING

C2

APN/PARCEL ID

09-26-21-0010-12500-0010

ASK ABOUT THIS PROPERTY

Parker WalterSRS National Net LeaseMore Info
949-270-8206

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

Parker WalterSRS National Net LeaseMore Info
949-270-8206

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