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    680 E Burleigh Blvd Tavares, FL 32778

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    For Sale
    $4,979,520

    NNN Walgreens in Tavares, FL with rental increases.

    Property size:
    14,723 SF
    Lot size:
    1.90 Acres

    Property Features for 680 E Burleigh Blvd

    General Information

    Size
    14,723 SF
    Lot size
    1.90 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Walgreens NNN Lease Investment Opportunity

    This property features a Walgreens located at 680 East Burleigh Boulevard, Tavares, Florida. The site includes approximately 14723 rentable square feet of building space on an estimated 1.9-acre parcel of land. The Walgreens is subject to a 15-year Triple Net (NNN) lease, which commenced on August 28, 2024, and continues until August 31, 2039. The current annual rent is $311,220, with scheduled increases of 5.00% every five years. The lease is absolute triple net, meaning there are no landlord responsibilities. The lease is guaranteed by Walgreens corporate entity. Walgreens operates over 8,600 drugstores across all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Walgreens is publicly traded on the NYSE under the ticket symbol "WBA" and amassed $142.4 billion in sales in 2023.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walgreens Pharmacy Pharmacy Andrew Zagorski Jr, ... Pharmacy Angela M. Carnegie, ... Pharmacy FedEx OnSite Mailing Service Walgreens Drug Store

    Suggested Use

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

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

    Similar Places Nearby

    Andrew Zagorski Jr, RPH, CVS Pharmacy, COVID-19 Drive-thru Testing at Walgreens, Ashley Duminie, Richard Wagner

    Location Insight

    • Map
    • Local Demand
    City
    Tavares
    County
    Lake
    State
    Florida
    Longitude
    -81.7215516
    Latitude
    28.8198514

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    FAQs

    What type of property is this?
    Drug store - NNN Walgreens in Tavares, FL with rental increases.
    Where is this drug store located?
    The property is located at 680 E Burleigh Blvd Tavares, FL.
    What is the asking price?
    The asking price for this property is $4,979,520.
    What are key features of this property?
    This property features: - Absolute Triple Net (NNN) Lease: Enjoy worry-free ownership with no landlord responsibilities.; - Long-Term 15-Year Lease: Secure income stream from lease commenced 8/28/2024, extending to 8/31/2039.; - Rare Rental Increases: Benefit from 5% rental increases every 5 years.
    (332) 345-2408
    Request Owner's contact information
    680 E Burleigh Blvd Tavares, FL 32778
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    Tavares, FL 32778
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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
    680 E Burleigh Blvd Tavares, FL 32778
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