680 E Burleigh Blvd - Drug Store FOR SALE


Tavares, FL 32778
$4,979,520 USD
786-566-1446
680 E Burleigh Blvd, Tavares, FL for Sale
$4,979,520 USD
Drug Store - FOR SALE
1/7
null | 6.25% Cap Rate

680 E Burleigh Blvd
Tavares, FL 32778


HIGHLIGHTS

  • Walgreens Pharmacy Store Located at 680 East Burleigh Blvd. in Tavares, Florida. Part of Kissimmee-Sanford Metropolitan Area (Population 2.95 million)
  • 13 Years Remaining on the original 15 Year Absolute NNN Lease | 5% Rent Increases every 5 Years
  • Situated at a Signalized Intersection with more than 41,132 Vehicles per Day Traffic Counts
  • Down the street from AdventHealth Waterman: A 300 Bed Hospital and nearby PAM Rehabilitation Hospital with 42 Beds
  • Walgreens Corporation has Over 8,000 Locations in all 50 States and Puerto Rico with Over 211,000 Team Members

OVERVIEW

The Issenberg-Britti Group of Surmount is pleased to present for sale this Walgreens Pharmacy Store located at 680 East Burleigh Blvd. in Tavares, Florida (Population 19,003) and part of the Kissimmee-Sanford Metropolitan Statistical Area (Population 2.95 million). Tavares sits on an isthmus between Lake Eustis to the north and Lake Dora to the south and is bordered by the city of Eustis to the northeast and Lake Harris to the west. U.S. Route 441 passes through the north side of Tavares. Apartment complexes nearby include Atwater Apartments and New Home developments include Avalon Park Tavares by D.R. Horton (228 Residential Units) and Avex Homes (113 Lots) as part of a 155-acre master planned community. Upon completion, Avalon Park Tavares will have over 15 acres of parks, walking paths, and lakes will be intertwined with more than 1,100 units and an additional mixed use town center with 250,000 square feet of commercial space. Also nearby this Walgreens is PAM Rehabilitation Hospital with 42 rooms. This 15-Year Triple-Net Walgreens Lease has 13 years remaining on the base term with 12 Renewal Options of 5 years each and 5 percent increases in rent every 5 years and also during the 12 Renewal Periods and no landlord responsibilities. Walgreens Corporation has been around for 125 years as a cornerstone in local communities with. In 2025 Walgreens announced it would operate as a private standalone company following acquisition by Sycamore Partners. Today there are over 8,000 Walgreen locations in 50 states and Puerto Rico with over 211,000 team members.

FOR SALE DETAILS

PRICE

$4,979,520 USD

PRICE/SF

$338 USD /SF

CAP RATE

6.25%

% 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

ASK ABOUT THIS PROPERTY

Ronnie IssenbergSurmountMore Info
786-566-1446

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Ronnie IssenbergSurmountMore Info
786-566-1446

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