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    2480 Us-19 Holiday, FL 34691

    Sponsored
    For Sale
    $7,096,296

    High-yield Walgreens, 9+ years remaining.

    Property size:
    12,723 SF

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    328
    This exceptional investment opportunity presents a fee-simple ownership of a Walgreens-occupied retail property located at 2480 US-19, Holiday, Florida 34691. The property boasts a 12,723 square foot building situated on a 1.36-acre lot, constructed in 2009. The property benefits from a corporate-guaranteed, absolute NNN lease with Walgreens Boots Alliance, Inc., providing significant financial stability and minimal landlord responsibilities. The lease has a remaining term of approximately 9.2 years, extending to April 30, 2034, and includes ten 5-year renewal options. The current annual net operating income (NOI) is $479,000, resulting in a compelling 6.75% cap rate. The property enjoys a prime location on a signalized intersection with high traffic counts, estimated at 64,500 vehicles per day on US-19 and nearly 9,000 vehicles per day on Darlington Road. Its strategic position is further enhanced by its proximity to Tampa (approximately 30 miles) and Clearwater (approximately 18 miles), benefiting from the substantial populations of these major Florida cities. This single-tenant, 100% occupied property offers a secure, long-term investment with a strong tenant and excellent location. The Pasco County property (APN: 30-26-16-0010-03900-0010) presents a rare opportunity for investors seeking a stable, high-return investment in a thriving market. The asking price is $7,096,296.

    Property Features for 2480 Us-19

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,723 SF
    Lot Size
    59,242 SF

    Building Details

    Year Built
    2009
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $7,096,296 asking price for a Walgreens‑occupied retail property.
    • Absolute NNN lease with corporate guarantee from Walgreens Boots Alliance, Inc. (NASDAQ: WBA).
    • 9.2 years remaining on the lease with (10) 5‑year options.
    • 6.75% cap rate with a $479,000 NOI.
    • 12,723 square foot building on a 1.36‑acre lot in Holiday, Florida.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Holiday
    County
    Pasco
    State
    Florida
    Longitude
    -82.739121222232
    Latitude
    28.194766840986

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Walgreens, 9+ years remaining.
    Where is this individual retail property located?
    The property is located at 2480 Us-19 Holiday, FL.
    What is the asking price?
    The asking price for this property is $7,096,296.
    What are key features of this property?
    This property features: $7,096,296 asking price for a Walgreens-occupied retail property.; Absolute NNN lease with corporate guarantee from Walgreens Boots Alliance, Inc. (NASDAQ: WBA).; 9.2 years remaining on the lease with (10) 5-year options.
    Request Owner's contact information
    2480 Us-19 Holiday, FL 34691
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    Holiday, FL 34691
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2480 Us-19 Holiday, FL 34691
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