680 E Burleigh Blvd - Drug Store FOR SALE
Tavares, FL 32778 |
$4,788,000 USD
203-887-8797
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 | Walgreens is one of the nation's largest leading drugstore chains, operating 8,600+ drugstores
OVERVIEW
Surmount 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
$4,788,000 USD
PRICE/SF
$325 USD /SF
CAP RATE
6.5%
% 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
71
LAND DETAILS
LAND ACRES
1.9 AC
LAND SF
82,764 SF
ZONING
C2
APN/PARCEL ID
21-19-26-0010-000-00300
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203-887-8797
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203-887-8797
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