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Walgreens 7270 University Pky 15,000 SF Retail Building Sarasota, FL 34240 $10,467,000 ($697.80/SF) 6% Cap Rate
Investment Highlights
- Brand new 2025 construction | Prototype Walgreens with modern design and construction standards
- Positioned within Lakewood Ranch | One of America’s best-selling multi-generational master-planned community, encompassing more than 33,000 acres
- Desirable lease term | 14 years remaining with rare rental increases in the primary term and options
- Absolute net lease | Zero landlord responsibilities
- Adjacent to significant residential development | Immediately neighboring Bungalow Walk and Homes by Towne at Shellstone
- Explosive population growth | Immediate trade area has experienced 55.09% population growth from 2020-2026
Executive Summary
Al Dickens and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Walgreens in Sarasota, FL. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Convenience Store
Building Size
15,000 SF
Building Class
B
Year Built
2025
Price
$10,467,000
Price Per SF
$697.80
Cap Rate
6%
NOI
$628,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.52 AC
Zoning
Commercial
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0183-01-0013 | Improvements Assessment | $0 |
| Land Assessment | $2,234,100 | Total Assessment | $2,234,100 |
Property Taxes
Parcel Number
0183-01-0013
Land Assessment
$2,234,100
Improvements Assessment
$0
Total Assessment
$2,234,100
Contacts
-
Al Dickens -
Ransome Foose -
Quinn O'Donnell -
Matt Sagehorn -
Berkeley Capital Advisors
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