Walgreens Drug Store with
For Sale
Contact for pricing
Pending
17065 Pine Ridge Rd, Fort Myers Beach, FL 33931
Absolute NNN lease with scheduled 5% increases every 5 years and twelve five-year renewal options.
Property SizeContact for details
Days on Market141
Property Features for 17065 Pine Ridge Rd
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: Aug 29
Last Checked: Aug 29 at 11:23PM
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.
This Walgreens drug store is occupied under a long-term Absolute NNN lease, placing landlord management and maintenance obligations with the tenant. The lease provides 5% rent increases at five-year intervals during the original term and across 12 five-year renewal options, if exercised. Lease obligations are guaranteed by Walgreen Co.; Walgreens Boots Alliance, Inc., its parent company, does not provide the lease guarantee.
The property occupies the corner of Summerlin and Pine Ridge Road, where reported traffic exceeds 40,000 VPD. A drive-through lane serves the store, and the site benefits from proximity to Fort Myers Beach and direct access to Sanibel Island. The property is in Lee County within the Cape Coral-Fort Myers MSA, approximately 120 miles south of Tampa near the Gulf of Mexico and the Caloosahatchee River.
The property occupies the corner of Summerlin and Pine Ridge Road, where reported traffic exceeds 40,000 VPD. A drive-through lane serves the store, and the site benefits from proximity to Fort Myers Beach and direct access to Sanibel Island. The property is in Lee County within the Cape Coral-Fort Myers MSA, approximately 120 miles south of Tampa near the Gulf of Mexico and the Caloosahatchee River.
Key Highlights
- Long‑term Absolute NNN lease with no landlord management or maintenance responsibilities
- 5% rent increases every 5 years during the original term and 12 five‑year renewal options
- Lease guaranteed by Walgreen Co.; Walgreens Boots Alliance, Inc. does not guarantee the lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
149k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 51%
Groceries 21%
Shops & Services 16%
Dining 8%
Walmart
Superstores
75,258 visits/mo
0.3 miles
Aldi
Groceries
19,462 visits/mo
0.2 miles
Murphy USA
Shops & Services
12,160 visits/mo
0.4 miles
ABC Fine Wine & Spirits
Groceries
11,610 visits/mo
0.2 miles
Taco Bell
Dining
11,271 visits/mo
0.2 miles
Demographics for 33931, FL
9,389
Population
14,561
Households
0.6
Avg Household Size
68
Median Age
37%
College-Educated
97%
High-School Grad
10.3 sq mi
ZIP Area
912
Density / Sq Mi
$80,438
Median Household Income
$38,723
Median Earnings
$1,500
Median Rent
$475,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
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- Nicole Wagner — 17105 San Carlos Blvd, Fort Myers Beach, FL 339315305
- Leetu M. Zaman, PhD — 17065 Pine Ridge Rd, Fort Myers, FL 33908
- Christopher J. Gautreaux, PHARMD — 17065 Pine Ridge Rd, Fort Myers, FL 33908, United States
Frequently Asked Questions
What type of property is this?
Drug store - Absolute NNN lease with scheduled 5% increases every 5 years and twelve five-year renewal options.
Where is this drug store located?
The property is located at 17065 Pine Ridge Rd Fort Myers Beach, FL.
What are key features of this property?
This property features: Long‑term Absolute NNN lease with no landlord management or maintenance responsibilities; 5% rent increases every 5 years during the original term and 12 five‑year renewal options; Lease guaranteed by Walgreen Co.; Walgreens Boots Alliance, Inc. does not guarantee the lease
