Drug Store with
For Sale
Contact for pricing
Pending
4020 N Lecanto Hwy, Beverly Hills, FL 34465
Long-term absolute NNN lease with drive-through lane and periodic 5-year rent increases for the Walgreens tenant.
Property SizeContact for details
Days on Market117
Property Features for 4020 N Lecanto Hwy
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Aug 4 at 1:48PM
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 Walgreens drug store operating under a long-term Absolute NNN lease. The lease is described as “absolute” with no landlord management or maintenance responsibilities. The lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc. The lease structure includes 5% rent increases every five years during the original term, with 12 five-year renewal options if exercised.
The property includes a critical drive-through lane configuration, intended to support customer service in vehicles. The asset is located in Beverly Hills, within Citrus County, described as an early retirement-oriented planned community and supported by a substantial medical industry workforce and nearby hospital presence, including Citrus Memorial and Bayfront Health Seven Rivers.
This offering is presented as a long-term net lease opportunity centered on Walgreens operations, with the key contractual features being absolute NNN responsibility allocation and scheduled rent escalations through the renewal structure.
The property includes a critical drive-through lane configuration, intended to support customer service in vehicles. The asset is located in Beverly Hills, within Citrus County, described as an early retirement-oriented planned community and supported by a substantial medical industry workforce and nearby hospital presence, including Citrus Memorial and Bayfront Health Seven Rivers.
This offering is presented as a long-term net lease opportunity centered on Walgreens operations, with the key contractual features being absolute NNN responsibility allocation and scheduled rent escalations through the renewal structure.
Key Highlights
- Long‑term absolute NNN lease with no landlord management or maintenance responsibilities
- Lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc.
- 5% rent increases every 5 years during the original term
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 60%
Home Improvements & Furnishings 29%
Dining 11%
Dollar General
Shops & Services
8,547 visits/mo
0.1 miles
Carter's Ace Hardware of Beverly Hills
Home Improvements & Furnishings
8,264 visits/mo
0.5 miles
Truist
Shops & Services
3,014 visits/mo
0.5 miles
Regions Bank
Shops & Services
2,821 visits/mo
0.4 miles
H&R Block
Shops & Services
2,016 visits/mo
0.1 miles
Demographics for 34465, FL
17,960
Population
9,466
Households
1.9
Avg Household Size
58
Median Age
22%
College-Educated
92%
High-School Grad
24.3 sq mi
ZIP Area
739
Density / Sq Mi
$55,513
Median Household Income
$32,536
Median Earnings
$1,146
Median Rent
$233,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Long-term absolute NNN lease with drive-through lane and periodic 5-year rent increases for the Walgreens tenant.
Where is this nnn property located?
The property is located at 4020 N Lecanto Hwy Beverly Hills, FL.
What are key features of this property?
This property features: Long‑term absolute NNN lease with no landlord management or maintenance responsibilities; Lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc.; 5% rent increases every 5 years during the original term
