Walgreens for Sale in Tavares, FL
Tavares, FL
Key Investment Metrics
Price
$4,979,520
Cap Rate
6.3%
Net Operating Income
$311,220
Building Size
14723 SF
Land Area
1.9 Acres
Remaining Term
13.1 years
Lease Expiration
08/27/2039
Lease Term
15 years
Lease Commencement
08/28/2024
Lease Type
Absolute NNN
Year Built
2009
Occupancy
100%
Tenancy
Single
Rent Increases
5% Every 5 Years
Property overview
Walgreens in Tavares
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 14,723 SF
- Land area
- 1.9 acres
- Year built
- 2009
- Lease type
- Absolute NNN
- Lease expiration
- 08/27/2039
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.