Triple-Net Walgreens with
For Sale
Contact for pricing
Pending
14320 Spring Hill Dr, Spring Hill, FL 34609
Long-term absolute NNN Walgreens lease is guaranteed by Walgreen Co. with a drive-through lane and scheduled 5% increases.
Property SizeContact for details
Days on Market117
Property Features for 14320 Spring Hill Dr
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 22
Last Checked: Aug 3 at 4:41AM
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 pharmacy operating under a long-term absolute NNN lease, with no landlord management or maintenance responsibilities. The lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc. Lease terms include 5% rent increases every five years during the original term, as well as 12 five-year renewal options if exercised.
The Walgreens is positioned across from Walmart Neighborhood Market and Publix, surrounded by a mix of national and local retail tenants including Target, 7-Eleven, Taco Bell, AutoZone, Burger King, Starbucks, Kohl’s, McDonald’s, Wendy’s, Subway, Advance Auto Parts, Zaxby’s, The UPS Store, SunTrust Bank, Pep Boys Auto, Dunkin’ Donuts, Circle-K, and T-Mobile. The property also features a critical drive-through lane.
The asset is located in Spring Hill as part of the Tampa Bay MSA, approximately 40 miles north of Tampa. Buyer due diligence is required to verify all estimates referenced in the offering materials.
The Walgreens is positioned across from Walmart Neighborhood Market and Publix, surrounded by a mix of national and local retail tenants including Target, 7-Eleven, Taco Bell, AutoZone, Burger King, Starbucks, Kohl’s, McDonald’s, Wendy’s, Subway, Advance Auto Parts, Zaxby’s, The UPS Store, SunTrust Bank, Pep Boys Auto, Dunkin’ Donuts, Circle-K, and T-Mobile. The property also features a critical drive-through lane.
The asset is located in Spring Hill as part of the Tampa Bay MSA, approximately 40 miles north of Tampa. Buyer due diligence is required to verify all estimates referenced in the offering materials.
Key Highlights
- Long‑term Absolute NNN Walgreens lease with no landlord management or maintenance responsibilities
- Lease is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc.
- Scheduled 5% rent increases every 5 years during the original term
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
218k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Dining 36%
Shops & Services 25%
Walmart Neighborhood Market
Groceries
45,902 visits/mo
0.2 miles
Publix
Groceries
40,060 visits/mo
0.3 miles
Wendy's
Dining
23,732 visits/mo
0.2 miles
Circle K
Shops & Services
16,957 visits/mo
0.0 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
16,621 visits/mo
0.2 miles
Demographics for 34609, FL
43,997
Population
18,426
Households
2.4
Avg Household Size
46
Median Age
22%
College-Educated
91%
High-School Grad
22.2 sq mi
ZIP Area
1,982
Density / Sq Mi
$79,284
Median Household Income
$40,789
Median Earnings
$1,593
Median Rent
$275,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Drug store - Long-term absolute NNN Walgreens lease is guaranteed by Walgreen Co. with a drive-through lane and scheduled 5% increases.
Where is this drug store located?
The property is located at 14320 Spring Hill Dr Spring Hill, 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 is guaranteed by Walgreen Co., a subsidiary of Walgreens Boots Alliance, Inc.; Scheduled 5% rent increases every 5 years during the original term
