930 8th Ave W
Palmetto, FL 34221
Walgreens | 6.25 CAP · Retail Property For Sale

Pharma Property Group has been exclusively retained by ownership to present for sale the opportunity to acquire the Walgreens property located in Palmetto, Florida. This property is available for purchase and operates on a double net lease basis with eight (5- year) options to follow with Landlord responsible for roof and structure. This Walgreens along with the CVS across the street are the only two national chain drugstores located south of Interstate 275 and West of Interstate 75, serving the communities of Palmetto, Snead Island, Ellenton and Memphis. This drive-thru pharmacy is located on the signalized northeast corner of 8th Avenue West (27,500 VPD) and 10th Street West (14,600 VPD) with traffic counts exceeding 42,100 vehicles per day. The property is also just minutes from US Route 41 which runs from Miami, Florida to the Upper Peninsula of Michigan. Walgreens benefits from its location on 10th Avenue which is the main retail corridor in the area. Across the street from Walgreens, along with the CVS, is a Publix Super Market center with additional tenants including Dollar Tree, Pizza Hut, Advance Auto Parts and Checkers. Just down the street from the subject property is a Walmart Supercenter surrounded by numerous national tenants including Dunkin Donuts, Taco Bell, McDonald’s and Fifth Third Bank. Palmetto is located on the Gulf Coast of Florida half way between Tampa/St. Petersburg to the North and Sarasota to the South. The City is part of the North Port-Sarasota-Bradenton Metropolitan Statistical Area which has a population of over 702,281 residents. The combination of several federal and state highways, railroads, international airports, and seaports puts the City of Palmetto in the very heart of Florida's most desirable place to be.