Retail Unit for Sale - Available Immediately

LONG TERM ABSOLUTE NNN | 14 YEARS REMAINING | RARE FIXED RENT INCREASES

Highlights

  • Investment grade credit
  • No landlord management obligations
  • 14 years remaining
  • Very rare 5% rental rate increases every 5 years, including the twelve 5-year renewal options
  • Hard corner signalized intersection
  • Excellent visibility and access – Large efficient parcel
  • Florida has NO STATE INCOME TAX

Overview

CBRE is pleased to present this well established long term absolute NNN Walgreens with rare fixed rental rate increases located in Ellenton, FL. Walgreens has been at this location for nearly 19 years and there are currently just over 14 years of term remaining with very rare 5% fixed rental rate increases every 5 years, including the twelve 5-year renewal options. There are no landlord management obligations or expenses. There is an existing loan in place for approximately $3.4 million that must be assumed. (Contact listing brokers for details.)
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Location Description

Located directly on US Highway 301 at a fully signalized intersection, this property is just off of Interstate 75 and directly across from the entrance to the Ellenton Premium Outlets, a 515,000 SF outdoor mall with national retailers that include Kate Spade New York, Under Armour, Tommy Hilfiger, Movado Company Store, Coach, Michael Kors, Nike Factory Store, Polo Ralph Lauren Factory Store and Saks Fifth Avenue Off 5th. Ellenton, Florida is within 25 miles of Sarasota, St. Petersburg, Tampa and Bradenton and in close proximity to the beautiful beaches of Anna Maria Island, LongBoat Key, Siesta Key and St. Pete Beach.

Sizes and Measurements

Total Space Available

14,406 sqft

Pricing Information

FOR SALE

$5,618,970

Floorplan

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Photos

Walgreens Representative Photo2.jpg
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