Spring Hill, FL - Walgreens

Description:

• The tenant recently executed a brand new 13-year lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 5% rental increases every 5 years throughout the initial term and at the beginning of each option, growing NOI and hedging against inflation
• Headquartered in Deerfield, IL, Walgreens operates over 9,200 stores across all 50 states and was recently included in FORTUNE’s 2020 list of the World’s Most Admired Companies for the 27th consecutive year

• Strategically located at the signalized, hard corner intersection of Spring Hill Drive and Pinehurst Drive, averaging more than 23,200 vehicles passing by daily
• Excellent visibility via significant street frontage and a large pylon sign
• The site is ideally situated adjacent to a Save A Lot-anchored neighborhood center with co-tenants including Family Dollar, Dog Gone Healthy, and more
• Other nearby national/credit tenants include Walmart Supercenter, Ross Dress for Less, Big Lots, McDonald’s, 7-Eleven, Dollar General, and more