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Walgreens 5 Patricia Ave 14,736 sq ft Retail Property Dunedin, FL 34698 £2,864,914 (£194.42/sq ft) 8% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Top-rated tenant: Walgreens, a globally recognized pharmacy chain, carries an investment-grade credit rating of ‘BBB’ by Standard & Poor’s.
- Thriving Tampa MSA: Located in one of the top 20 metropolitan statistical areas in the U.S., with a population exceeding 3 million.
- Population growth: The area has experienced steady population increases, with continued growth projected.
- Established brand: With over 9,000 locations nationwide, Walgreens is a cornerstone of the U.S. retail pharmacy industry.
- Dense population: More than 222,000 residents live within a 5-mile radius of the property, with an average household income of $82,924.
- High retail performance: Positioned in a retail market with a low vacancy rate of 3.1%, highlighting strong market demand.
EXECUTIVE SUMMARY
Kyle Matthews
License # CQ1052263 (FL)
Matthews Real Estate Investment Services, Inc.
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # CQ1052263 (FL)
Matthews Real Estate Investment Services, Inc.
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Pharmacy
Property Size
14,736 sq ft
Costar Property Class
B
Year Built
2006
Price
£2,864,914
Price per sq ft
£194.42
Yield
8%
NOI
£229,193
Tenancy
Single
Number of Floors
1
Plot ratio
0.12
Total Plot Size
2.88 ac
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 35-28-15-00000-340-0400 | Improvements Assessment | £1,457,255 |
| Land Assessment | £778,593 | Total Assessment | £2,235,848 |
PROPERTY TAXES
Parcel Number
35-28-15-00000-340-0400
Land Assessment
£778,593
Improvements Assessment
£1,457,255
Total Assessment
£2,235,848
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Walgreens | 5 Patricia Ave
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