Walgreens Drugstore
10697 Ulmerton Road, Largo, FL 33771
For Sale
Contact for pricing
The freestanding building sits at a signalized intersection in Largo.
Property Size14,560 SF
Lot Size1.31 Acres
Price / SF$446.43
Days on Market14
Property Features for 10697 Ulmerton Road
General Information
Standard status
Size
Lot size
Property subtype
Net Operating Income
Financials
Asking Price
Cap Rate
Additional Details
Corner Location
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Colliers - Tampa, Florida
Listed By:
Ron Schultz · License FL SL3050691
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 4:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Tampa, Florida
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Investment Insights
Based on property information with market context.
This freestanding Walgreens drugstore contains 14,560 square feet on a 1.31-acre parcel. The property is identified as an NNN investment, with the tenant’s next termination opportunity scheduled for October 31, 2029. The reported capitalization rate is 6.38%. The building and land form a commercial corner property in Largo, Florida.
Ulmerton Road and Seminole Boulevard meet at the signalized intersection. Reported daily traffic is approximately 69,500 vehicles on Ulmerton Road and 43,500 on Seminole Boulevard. Within three miles, the trade area includes approximately 111,970 residents and 53,611 households.
Ulmerton Road and Seminole Boulevard meet at the signalized intersection. Reported daily traffic is approximately 69,500 vehicles on Ulmerton Road and 43,500 on Seminole Boulevard. Within three miles, the trade area includes approximately 111,970 residents and 53,611 households.
Key Highlights
- Walgreens drugstore in a freestanding 14,560‑square‑foot building
- 1.31‑acre commercial parcel
- NNN investment with a 6.38% capitalization rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,585
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,871,700
$3.9M
Cap Rate 7%
$2,765,500
$2.8M
Cap Rate 9%
$2,150,944
$2.2M
Market Conditions
NOI Build-Up for 14,560 SF
Gross rent
$276.1K $18.96/SF
− Vacancy
−$17.9K −$1.23/SF
EGI
$258.1K $17.73/SF
− OpEx
−$64.5K −$4.43/SF
NOI
$193.6K $13.30/SF
Area
Pinellas County, FL
Vacancy
6.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,871,700
Cap Rate 7%
$2,765,500
Cap Rate 9%
$2,150,944
Alternative Uses
Best Use
Specialty Retail
$2.77M
$2.42M – $3.23M
NOI $193,585 @ 7.0% cap · market cap 2.98%
Second Best
Retail
$2.48M
$2.17M – $2.89M
NOI $173,366 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$3.79M
$3.31M – $4.42M
NOI $265,102 @ 7.0% cap · market cap 4.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
102k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 45%
Beauty & Spa 22%
Leisure 13%
Dining 9%
Marshalls
Apparel
29,732 visits/mo
0.4 miles
Bath & Body Works
Beauty & Spa
18,252 visits/mo
0.4 miles
Regal Largo Mall
Leisure
13,129 visits/mo
0.4 miles
Beach Pizza
Dining
9,138 visits/mo
0.4 miles
Spencer's
Shops & Services
8,172 visits/mo
0.4 miles
Demographics for 33771, FL
29,766
Population
16,898
Households
1.8
Avg Household Size
54
Median Age
25%
College-Educated
90%
High-School Grad
6.0 sq mi
ZIP Area
4,961
Density / Sq Mi
$60,139
Median Household Income
$40,417
Median Earnings
$1,379
Median Rent
$145,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Alicia A. Self, Pharm — 10500 Ulmerton Rd, Largo, FL 33771
- Pharmacy — Largo, FL 33778
- Erika Hatchman — 10500 ULMERTON RD T-0654, Largo, FL 337713544
- Rachael Bridges, PharmD — 10500 ulmerton rd, largo, fl 33771
- CVS Pharmacy — 10500 Ulmerton Rd, Largo, FL 33771, United States
Frequently Asked Questions
What type of property is this?
Drug store - The freestanding building sits at a signalized intersection in Largo.
Where is this drug store located?
The property is located at 10697 Ulmerton Road Largo, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Walgreens drugstore in a freestanding 14,560‑square‑foot building; 1.31‑acre commercial parcel; NNN investment with a 6.38% capitalization rate
