Overview

Description

Walgreens is situated with excellent access and visibility at the signalized hard corner of Rowan/Seven Springs Boulevard and State Route 54.

Walgreens is also 0.3 miles south of Pasco Square Mall, which is anchored by Bealls, Home Centric and DG Market, and further occupied by Dollar Tree, Badcock Home Furniture, Thomas Orthodontics, Cricket Wireless, Toast, and Subway, among others. Additional traffic drivers with a presence in the immediate vicinity include WorthingtonCourt Apartments (0.2 miles east; 152 units), Anclote Elementary School (1.3 miles southeast; 458 students), Longleaf Elementary School (2.8 miles east; 678 students), and HCA Florida Trinity Hospital (2.8 miles southeast; 340 Beds).

The Tampa Bay Area is a metropolitan region of west central Florida adjacent to Tampa Bay. It is considered equivalent to the Tampa–St. Petersburg–Clearwater Metropolitan Statistical Area (MSA Population: 3.2M). The metro area boasts a labor force of 1.9 million, and major industries include tourism, healthcare, finance, insurance, technology, construction, and maritime industry. Several Fortune 500 companies are headquartered in the metropolitan area including Publix Super Markets, Jabil Inc., WellCare Health Plans, and Raymond James Financial, among many others.

Highlights

• 13 year corporate lease with 12 5-year options
• Investment grade tenant (S&P: BBB-)
• Fee simple NNN with no landlord responsibilities
• RARE 5% rent increases every 5 years (including option periods)
• Strategically located on signalized corner with 77.5k vehicles per day
• Projected population growth of over 5% over the next 5 years

Documents

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