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930 8th Ave W
Palmetto, FL 34221
Walgreens | Florida | 11 Yr Extn | Increase · Retail Property For Sale

Investment Highlights

  • STABLE INCOME - Income guaranteed by Walgreens Corporation (S&P BBB) investment grade Top 20 Fortune 500 Company with over 9,800 locations.
  • STRATEGIC LOCATION - This Walgreens is located directly across from a CVS property which makes it a strategic location for both tenants.
  • LIMITED DRUGSTORE COMPETITION - This Walgreens and the CVS across the street are the only two drugstores located South of I-275 and West of I-75.
  • 11 YR EXTENSION & RARE 14.7% INCREASE - Walgreens extended this lease early and has ±11.5 yrs remaining and a rental increase of ±14.7% in 1/1/2032.
  • HIGH TRAFFIC AREA WITH OVER 45,470 VPD - Located on signalized NE corner of 8th Ave. W & 10th St. W with traffic counts exceeding 45,479 VPD per day.
  • ROBUST RETAIL CORRIDOR - Walgreens benefits from its location on 10th Ave. which is the main retail corridor in the area and is across CVS & Publix.

Property Facts

Property Type
Retail
Property Subtype
Drug Store
Building Size
19,277 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
1.41 AC
Zoning
CG
Parking
64 Spaces (3.96 Spaces per 1,000 SF Leased)
Frontage
116’ on 10th St W

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Drive Thru

Property Taxes

Property Taxes

Parcel Number
27582-0010-9
Land Assessment
$764,462
Improvements Assessment
$1,687,730
Total Assessment
$2,452,192
  • Listing ID: 19507544

  • Date on Market: 5/11/2020

  • Last Updated:

  • Address: 930 8th Ave W, Palmetto, FL 34221

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