5945 US Highway 301 N
Ellenton, FL 34222
Absolute NNN Walgreens | Rare Rent Increases · Retail Property For Sale

CBRE is pleased to present this well established long term absolute NNN Walgreens 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 of approximately $3.4 million that must be assumed. Contact listing brokers for details. 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.