Property Details

Walgreens

Spring Hill, FL
Property ID: 3497

Financial Summary

Asking Price $8,150,000
Cap Rate 4.80%
Net Operating Income (NOI) $391,000
Lease Type NNN
Lease Term Remaining 20 Years
The Offering Memorandum for this property is no longer available.

Contact

Patrick R. Nutt
Managing Partner
703.787.4714

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Highlights

  • Brand new freestanding Walgreens
  • 20 year NNN lease with eleven (11), five (5) year options
  • Investment grade tenant - Walgreens (NASDAQ: WBA) rated BBB by S&P
  • High volume store - liquor sales included
  • Relocation of existing store with addition of liquor store
  • High traffic intersection with 37,800 VPD
  • Dense population of over 96,800 people within 5 miles
  • Part of a large shopping center with future grocer planned
  • Located across from a Publix anchored center

Net Lease Advisor

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

105 Mariner Blvd
Spring Hill, FL

Traci BidingerWalgreens