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House & single-family home for sale in Gulfport

United States > Florida > Pinellas > Gulfport

House & Single-family home (For sale)

Reference: EDEN-T114902400 / 114902400
Walgreens - 5701 Gulfport Blvd S - Gulfport, FL Asking Price: $4,139,130 - Cap Rate: 5.75% - 35+ Years Remaining''Single-tenant, double-net (NN) Walgreens pharmacy with a lease extended through December 31, 2061 - executed in December 2025 under Sycamore Partners ownership, well after Walgreens announced its national store closure program. This is an affirmative commitment to retain this specific location.''The property is the only Walgreens in the City of Gulfport, serving as the community's anchor pharmacy for a trade area with a median age of 56.4 years within one mile. Current NOI of $238,000/year steps up automatically to $267,400/year on January 1, 2036 - no negotiation, no re-leasing, no capital required.''Landlord responsibilities are limited to roof and structure only. Tenant covers taxes, insurance, utilities, HVAC, and all interior repairs. The next earliest termination option is December 31, 2035, providing a minimum 10-year guaranteed income stream from lease signing.''Located at the signalized intersection of Gulfport Blvd S and 58th Street S with approximately 15,700-17,500 vehicles per day. Drive-through pharmacy on site View more View less Walgreens - 5701 Gulfport Blvd S - Gulfport, FL Asking Price: $4,139,130 - Cap Rate: 5.75% - 35+ Years Remaining''Single-tenant, double-net (NN) Walgreens pharmacy with a lease extended through December 31, 2061 - executed in December 2025 under Sycamore Partners ownership, well after Walgreens announced its national store closure program. This is an affirmative commitment to retain this specific location.''The property is the only Walgreens in the City of Gulfport, serving as the community's anchor pharmacy for a trade area with a median age of 56.4 years within one mile. Current NOI of $238,000/year steps up automatically to $267,400/year on January 1, 2036 - no negotiation, no re-leasing, no capital required.''Landlord responsibilities are limited to roof and structure only. Tenant covers taxes, insurance, utilities, HVAC, and all interior repairs. The next earliest termination option is December 31, 2035, providing a minimum 10-year guaranteed income stream from lease signing.''Located at the signalized intersection of Gulfport Blvd S and 58th Street S with approximately 15,700-17,500 vehicles per day. Drive-through pharmacy on site
Reference: EDEN-T114902400
Country: US
City: Other Cities
Postal code: 33707
Category: Residential
Listing type: For sale
Property type: House & Single-family home
Rooms: 1

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