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Commercial real estate marketing

New Listing: Walgreens in St. Petersburg FL w/ Drive Thru | New 15 Yr Corporate Absolute NNN w/ Increases

INVESTMENT HIGHLIGHTS

 

Brand new 15-year lease with 12 (5-year) options to extend
5% rental increases every 5 years throughout the initial term and at the beginning of each option period
Corporate Signed by Walgreen Co. (S&P: BBB)
Within close proximity to multiple national/credit tenants including Walmart, The Home Depot, LA Fitness, ALDI, Petco, and more
Positioned just north of Sarasota Village (184,000 SF) anchored by Publix, HomeGoods, and BigLots!
Located at the signalized, hard corner intersection of 8th Avenue and 17th Street (64,000 VPD)
Benefits from nearby access to Interstate 75 (123,000 VPD) and U.S. Highway 41 (58,000 VPD)
More than 187,000 residents (AHHI $105,330) and 117,700 employees in the 5-mile trade area

$6,950,000

4.91%

EXCLUSIVELY MARKETED BY

Matthew Mousavi
Managing Principal,
National Net Lease Group

 

D 949.698.1116
M 714.404.8849

CA License No. 01732226

Patrick R. Luther, CCIM
Managing Principal,
National Net Lease Group

 

D 949.698.1115
M 480.221.4221

CA License No. 01912215

Patrick Nutt
EVP & Market Leader,
National Net Lease Group

 

D 954.302.7365
M 703.434.2599

FL License No. BK3120739

Qualifying Broker: John Artope, SRS Real Estate Partners-Southeast LLC | FL License No. BK3172617

 
NNLG LISTINGS
NNLG TEAM
NNLG LINKEDIN

SRS National Net Lease Group
610 Newport Center Drive, Suite 1500  |  Newport Beach, California 92660

 

This information contained herein was obtained from sources deemed to be reliable; however SRS makes no guarantees, warranties or representations as to the completeness or accuracy thereof.

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