2991 Roosevelt Blvd | Clearwater, FL 33760
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2991 Roosevelt Blvd
Clearwater, FL 33760
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 13 YEAR PRIMARY TERM ABSOLUTE TRIPLE NET (ABS NNN) LEASE WITH NO LANDLORD RESPONSIBILITIES
- CORPORATE GUARANTEED LEASE – WALGREENS IS ONE OF THE LARGEST DRUGSTORE CHAIN IN THE UNITED STATES WITH MORE THAN 8,600 LOCATIONS IN ALL 50 STATES
- LOCATED AT A SIGNALIZED INTERSECTION ON ROOSEVELT BLVD AND 58TH ST N WHICH SEES OVER 67,750 VPD
- RARE 5% RENTAL INCREASES DURING THE PRIMARY TERM AT YEAR 6 & 11 AND AT THE COMMENCEMENT OF EACH OF THE TWELVE, 5-YEAR RENEWAL OPTION PERIODS
- EXCELLENT DEMOGRAPHICS WITH OVER 71,051 RESIDENTS AND AN AVERAGE HOUSEHOLD INCOME OF $71,027 WITHIN A 3-MILE RADIUS
- FLORIDA IS AN INCOME TAX FREE STATE
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
14,373 SF
Building Class
C
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.81 AC
Zoning
R-4
Parking
68 Spaces (4.73 Spaces per 1,000 SF Leased)
Frontage
273’ on Roosevelt Blvd
PROPERTY TAXES
| Parcel Number | 32-29-16-76522-000-0010 | Improvements Assessment | $2,139,174 |
| Land Assessment | $1,030,826 | Total Assessment | $3,170,000 |
PROPERTY TAXES
Parcel Number
32-29-16-76522-000-0010
Land Assessment
$1,030,826
Improvements Assessment
$2,139,174
Total Assessment
$3,170,000
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