Drive-Through Walgreens NNN
For Sale
Contact for pricing
Pending
4029 S Suncoast Blvd, Homosassa, FL 34446
Long term absolute NNN Walgreens lease with drive-through lane and 5% rent increases every five years.
Property SizeContact for details
Days on Market116
Property Features for 4029 S Suncoast Blvd
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Apr 12
Changed: Jul 21
Last Checked: Aug 4 at 9:03AM
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 Marcus & Millichap - Nashville
Investment Insights
Based on property information with market context.
The property is a drive-through Walgreens retail facility operating under a long term Absolute NNN lease. The lease includes 5% rent increases every five years during the original term, along with 12, five-year renewal options (if exercised). The lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc., and the lease structure indicates no landlord management or maintenance responsibilities.
The site is located at a signalized hard corner at 4029 S Suncoast Blvd in Homosassa, FL, with frontage along S. Suncoast Boulevard (Highway 98) and W. Grover Cleveland Boulevard, with combined traffic counts of 41,100 VPD. The property sits across from Springs Plaza, a Publix-anchored shopping center with multiple established tenants in the surrounding area.
This offering presents a Walgreens-branded, absolute NNN investment structure with contractual rent escalations and renewal options, complemented by drive-through access at a high-traffic intersection.
The site is located at a signalized hard corner at 4029 S Suncoast Blvd in Homosassa, FL, with frontage along S. Suncoast Boulevard (Highway 98) and W. Grover Cleveland Boulevard, with combined traffic counts of 41,100 VPD. The property sits across from Springs Plaza, a Publix-anchored shopping center with multiple established tenants in the surrounding area.
This offering presents a Walgreens-branded, absolute NNN investment structure with contractual rent escalations and renewal options, complemented by drive-through access at a high-traffic intersection.
Key Highlights
- Long‑term absolute NNN Walgreens lease with no landlord management or maintenance responsibilities
- Lease guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc.
- Rent structure: 5% increases every 5 years during the original term, plus 12 five‑year renewal options if exercised
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
190k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 34%
Groceries 17%
Home Improvements & Furnishings 12%
Publix
Groceries
31,508 visits/mo
0.2 miles
RaceTrac
Shops & Services
28,421 visits/mo
0.1 miles
McDonald's
Dining
18,123 visits/mo
0.2 miles
Tractor Supply Co.
Home Improvements & Furnishings
11,505 visits/mo
0.2 miles
7-Eleven
Shops & Services
10,198 visits/mo
0.1 miles
Demographics for 34446, FL
18,431
Population
9,588
Households
1.9
Avg Household Size
62
Median Age
18%
College-Educated
89%
High-School Grad
29.8 sq mi
ZIP Area
618
Density / Sq Mi
$60,625
Median Household Income
$41,423
Median Earnings
$938
Median Rent
$231,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Long term absolute NNN Walgreens lease with drive-through lane and 5% rent increases every five years.
Where is this nnn property located?
The property is located at 4029 S Suncoast Blvd Homosassa, FL.
What are key features of this property?
This property features: Long‑term absolute NNN Walgreens lease with no landlord management or maintenance responsibilities; Lease guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc.; Rent structure: 5% increases every 5 years during the original term, plus 12 five‑year renewal options if exercised
