Walgreens NNN Property For Sale — New Port Richey, FL
7420 FL-54, New Port Richey, FL 34653
This Walgreens property, strategically located in New Port Richey, Florida, within the high-growth Tampa MSA, offers investors a compelling absolute net lease opportunity. The 15,120 square-foot freestanding building, complete with a drive-thru, is situated on a 1.35-acre parcel. The property benefits from a prime location at a heavily trafficked, signalized intersection, experiencing over 79,500 vehicles per day. This retail hub includes numerous national and regional tenants, ensuring strong consumer draw. With a long-term absolute net lease and a corporate guaranty from Walgreens, a leading pharmacy and retail health provider, this investment offers stability and attractive returns in a thriving Florida market known for its strong economic fundamentals and population growth. The lease…
- Address: 7420 FL-54, New Port Richey, FL 34653
- Asking price $4.86M
- 7.15% cap rate
- NOI $347,776
- 9.5 years remaining
- NNN lease
- Building size: 15,120 SF
- Lot size: 1.35 acres
- Lease expiration: Aug 31, 2035
- Rent increases: increases in both the initial term and option periods
- Guarantor: Corporate
Location
This Walgreens property is at 7420 FL-54 in New Port Richey, Florida.
Asset type: Drug Store