3863 S Dale Mabry Hwy - Drug Store FOR SALE


Tampa, FL 33611- Fairoaks
$6,392,567 USD
516-428-6050
3863 S Dale Mabry Hwy, Tampa, FL for Sale
$6,392,567 USD
Drug Store - FOR SALE
1/8
null | 6% Cap Rate

3863 S Dale Mabry Hwy
Tampa, FL 33611
Fairoaks


OVERVIEW

Current Real Estate Advisors is pleased to present the opportunity to acquire this Walgreens in Tampa, FL (the “Property”), a freestanding ±14,164 SF retail building sited on 1.58 acres, located at a signalized corner (38.5K+ VPD) and across the street from Britton Plaza—a 460K+ SF power center. This Walgreens offering benefits from ±12.5 years remaining on their recently renewed Absolute NNN lease (zero landlord responsibilities). Further, it includes attractive 5% increases every 5 years, as well as 12, 5-year options - demonstrating this proven operator’s commitment to the location. The Property is available as part of a portfolio of Walgreens assets (available together or separately), presenting a unique opportunity for an astute investor to acquire strategically distributed real estate in Florida (or to hand pick their desired location for an individual acquisition), that includes properties with long-term stability, stable cash flow and excellent underlying real estate fundamentals. Strong Operating History - Walgreens has operated at this location for 20+ years and recently reaffirmed its long-term commitment by executing a new 15-year lease extension, underscoring the strength and performance of this store Secure + Steady Income Stream - Backed by a long-term Absolute NNN lease with zero landlord responsibilities, the Property features 5% rental increases every five years, delivering truly passive income and built-in inflation protection Robust RE Fundamentals - Strategically positioned at the signalized intersection of S Dale Mabry Hwy & W Bay Vista Ave (38,500+ VPD), this 1.5+ Acre site benefits from strong visibility within an established retail corridor Adjacent Market Drivers - Located across the street from Britton Plaza—a 460K+ SF power center anchored by Publix, Marshalls, Michael’s, Burlington, Pet Supermarket, Big Lots and Family Dollar, amongst many others

FOR SALE DETAILS

PRICE

$6,392,567 USD

PRICE/SF

$451 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

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.58 AC

LAND SF

68,969 SF

ZONING

CG

APN/PARCEL ID

A-04-30-18-9M0-000000-00003.0

ASK ABOUT THIS PROPERTY

Michael WilliamsCurrent Real Estate AdvisorsMore Info
516-428-6050

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Michael WilliamsCurrent Real Estate AdvisorsMore Info
516-428-6050

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