Walgreens

14004 Walsingham Road, Largo, FL
Deal Type:
Net Lease
Price:
$7,560,000
Cap Rate:
5.00%
Current Rent:
$378,000
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 13 years
Renewal Options:
Twelve, 5 Year Options
Building Sq. Ft.:
15,120 SF
Rent Increases:
5% every 5 years (Initial Term and Options)
Site Size:
1.73 AC

Investment Highlights

  • Property located on a hard-corner signalized intersection with over 28,000 VPD on Walsingham Rd. in a dense retail trade area in Largo, FL
  • Due to the strength of this location Walgreens executed a brand new 13-year lease with increases throughout initial term and options | Inflation Hedge
  • Investment offers an investor ZERO landlord responsibilities with NO management required
  • This location grosses $5.9 Million in sales – low rent to sales
  • Densely populated location with over 149,000 residents and household incomes with over $84,000 within a 5-mile radius from property
  • Nearby National Retailers include: Walmart Neighborhood Market, CVS, Wendy’s, Chase Bank, McDonald’s, Regions Bank, Jiffy Lube, Taco Bell, Dollar General, Wells Fargo, Take 5 Oil Change, Wawa, AutoZone, Dunkin’ Donuts, O’ Reilly Auto Parts

Listing Agents

Connor Shell

Managing Director
407 913 9009
connor@stream-cp.com

Sasha Dominguez

Vice President
786 443 4960
Sasha@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

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