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Walgreens | Long Term Absolute NNN Lease | 5% Increases

$4,273,429

4255 Commercial Way, Spring Hill, FL 34606

Active
Last Updated: 11/18/2024

7

Cap Rate

299,140

NOI

Details:
Cap Rate:    7%
NOI:    $299,140
Building Size:    15,038 sqft
Lot Area:    1.74 acres
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    1998
Tenancy:    Single
Lease Expire Year:    2/2/2035
Highlights:
  • Long Term Absolute NNN Lease with no landlord maintenance responsibilities
  • 5% Rent Increases every 5-years during the primary term and 12, 5-year option periods
  • Located Across From a Target & Publix-Anchored Center along Spring Hill’s main commercial
  • Excellent Visibility on Commercial Way with average daily traffic counts of 42,332 VPD
Description:

Long Term Absolute NNN Lease with no landlord maintenance responsibilities

5% Rent Increases every 5-years during the primary term and 12, 5-year option periods

Located Across From a Target & Publix-Anchored Center along Spring Hill’s main commercial

Excellent Visibility on Commercial Way with average daily traffic counts of 42,332 VPD

Tampa Bay MSA Location - Home to over 3.2 million residents

Well-Established Retail Location with over 26 years of operational history



(1) Rentable Area, Lot Size, Guarantor, Lease Terms, Building Specifications, Year Built, and Demographics are estimates. Buyer is responsible for verifying during the Due Diligence process.



FL Broker of Record: Ryan Nee

License: License: BK3154667

Map:
Documents:
Title
Walgreens_-_Spring_Hill__FL__Tampa_Bay_MSA_.pdf
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Location
Gallery