4920 SE Abshier Blvd - Drug Store FOR SALE


Belleview, FL 34420
$3,125,678 USD
619-297-0055
4920 SE Abshier Blvd, Belleview, FL for Sale
$3,125,678 USD
Drug Store - FOR SALE
1/2
null | 7.75% Cap Rate

4920 SE Abshier Blvd
Belleview, FL 34420


HIGHLIGHTS

  • Walgreens is currently paying $16.02/psf, which is in line with current market retail rents of $16-18/psf.
  • 3rd most-visited national drugstore chain within a 10-mile radius (316K annual visits per Placer.aI).
  • In 2025, Walgreens waived its 2028 and 2033 termination options, extending the lease expiration to August 31, 2038.
  • 1,900+ new homes planned or underway within 3 miles, ~4.5% annual population growth since 2020, proximity to The Villages.
  • 2.5 SE of the property, a proposal for a major big-box retailer, a gas station, and roughly 22.5k sf of additional retail space, will create 400 jobs.

OVERVIEW

We are pleased to offer for sale the Walgreens property located at 4920 SE Abshier Blvd, Belleview, FL 34420 (the “Property”). The lease is structured as a double-net (NN) with minimal landlord responsibilities, and in 2025, Walgreens waived its 2028 and 2033 termination options, extending the lease expiration to August 31, 2038. Walgreens is currently paying $16.02 per square foot, which is in line with market retail rents of $16–18 per square foot. The Property is in an area with 1,900+ homes planned or underway within three miles. Population growth has averaged ~4.5% per year since 2020, outpacing Ocala. The location is near The Villages, which continues to expand and increase regional housing and retail activity. A $71 million mixed-use project is proposed 2.5 miles southeast of the Property. The plan includes a big-box retailer, a gas station, and 22,500 square feet of retail and restaurant space, with an estimated 400 jobs tied to the project. Walgreens operates until midnight, which increases late-hour traffic and supports its ranking as the 3rd most-visited national drugstore chain within a 10-mile radius, with 316,000 annual visits per Placer.ai. Listed in conjunction with Brian Brockman, Bang Realty - Naples, Inc, 513-898-1551, wg@bangrealty.com, FL DRE Lic. BK3327646.

FOR SALE DETAILS

PRICE

$3,125,678 USD

PRICE/SF

$208 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Midnight Location | Proximity to The Villages

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.24 AC

LAND SF

97,574 SF

ZONING

B4

APN/PARCEL ID

37413-000-00

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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