7305 Spring Hill Dr - Drug Store FOR SALE


Spring Hill, FL 34606
$4,213,000 USD
949-270-8206
7305 Spring Hill Dr, Spring Hill, FL for Sale
$4,213,000 USD
Drug Store - FOR SALE
1/8
null | 6.5% Cap Rate

7305 Spring Hill Dr
Spring Hill, FL 34606


HIGHLIGHTS

  • 8+ Years Remaining | Scheduled Rental Increases | Leading Pharmacy Store Chain
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Excellent Visibility | Adjacent Shopping Center | Strong National/Credit Tenants
  • Nearby Apartments | Demographics in 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners-SOFLO LLC National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru pharmacy equipped, freestanding, Walgreens investment property located in Spring Hill, Florida (Tampa MSA). The tenant has 8+ years remaining on the initial term of the lease with 6 (5-year) options to extend, demonstrating their commitment to the site. 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. Headquartered in Deerfield, IL, Walgreens operates over 9,200 stores across all 50 states and was recently included in FORTUNE’s 2020 list of the World’s Most Admired Companies for the 27th consecutive year.

FOR SALE DETAILS

PRICE

$4,213,000 USD

PRICE/SF

$296 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

Commercial

APN/PARCEL ID

R32-323-17-5030-0149-0010

ASK ABOUT THIS PROPERTY

Parker WalterSRS National Net LeaseMore Info
949-270-8206

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Parker WalterSRS National Net LeaseMore Info
949-270-8206

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