Walgreens

13911 Nine Eagles Drive, Tampa, FL
Deal Type:
Net Lease
Price:
$6,312,222
Cap Rate:
5.40%
Current Rent:
$340,860
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
12, 5-year options
Building Sq. Ft.:
14,820 SF
Rent Increases:
5% every 5 years, including options
Site Size:
1.5 Acres

Investment Highlights

  • COMMITMENT: Walgreens has a 30+ year operating history and is signing a new, 15-year absolute NNN lease with 5% rent increases showing commitment to the location.
  • VALUABLE LOCATION: Located near the intersection of Nine Eagles Drive and Race Track Road, with traffic counts in excess of 33,400 vehicles per day.
  • MARKET: Adjacent to Bryant Elementary School and Farnell Middle School which enrolls more than 2,000 stuents combined. The property is also kiddie corner to a Winn-Dixie-anchored shopping center.
  • HIGH TRAFFIC TOURIST DESTINATION: Situated minutes from downtown Tampa which is one of the top destinations tourists choose to visit in Florida.
  • PROFITABLE STORE: Extremely well-performing store with $3.7 million in sales volume.

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Broker of Record: Jonathan Wolfe, Lic. #BK350717

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