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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

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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

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

Planet Fitness
Walmart Neighborhood Market
Checkers
Rent-a-center

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
35-28-15-00000-340-0400
Land Assessment
£778,593
Improvements Assessment
£1,457,255
Total Assessment
£2,235,848
  • Listing ID: 38395879

  • Date on Market: 10/11/2025

  • Last Updated:

  • Address: 5 Patricia Ave, Dunedin, FL 34698

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