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Walgreen's 35553 US Hwy 19 N 15,432 SF Retail Building Palm Harbor, FL 34683 $4,740,740 ($307.20/SF) 6.75% Cap Rate
Investment Highlights
- Trophy Hard Corner Real Estate: Positioned at a highly visible signalized intersection with excellent accessibility
- Massive Exposure (+90,000 VPD): The property benefits from exceptional visibility along US-19, which carries roughly 90,000 vehicles daily
- Strong Purchasing Power: The 5-mile radius boasts an average household income over $115,000
- Value-Add / Covered Land Play: With 4 years remaining on the lease, this asset offers ultimate flexibility for an investor
- High Barrier-to-Entry Market: Pinellas County is the most densely populated county in Florida
- Store Performance: This store ranks in the 100th percentile for the city, making it the #1 most visited Walgreens out of the 4 locations in Palm Harbo
Executive Summary
Kyle Matthews
Company
Matthews Real Estate Investment Services, Inc
Firm & License
License # CQ1066435, BK3554632 (FL)
Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Phone
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
- -
Labcorp began in 1969 as a small clinical laboratory in North Carolina and has grown into a life sciences and healthcare company focused on helping guide health decisions. The company serves patients, healthcare providers, health systems, and biopharma organizations with diagnostic testing, specialty laboratory services, clinical trial testing, real-world data, and commercialization support for therapies. Labcorp also expanded its drug development capabilities through the Covance acquisition, linking laboratory science with research, regulatory support, and development services across its broader business.
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- Retailer
- -
- $11.88
- Triple Net
- Jul 2029
Walgreens began in Chicago in 1901, after pharmacist Charles R. Walgreen Sr. purchased the drugstore where a pharmacy career began. The company grew from a neighborhood drugstore into a broad retail health business offering prescription services, health and wellness products, photo services, home delivery, specialty pharmacy, and virtual healthcare. Walgreens serves customers through a wide network of community pharmacies and digital platforms, with a focus on accessible medicine, everyday essentials, and healthcare support.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | - | - | - | - | |
|
|
Retailer | - | $11.88 | Triple Net | Jul 2029 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 31-27-16-00315-001-0030 | Improvements Assessment | $2,440,043 |
| Land Assessment | $954,957 | Total Assessment | $3,395,000 |
Property Taxes
