Drive-Thru Walgreens
3795 South Tamiami Trail Punta Gorda, FL 33950
New
3795 South Tamiami Trail, Punta Gorda, FL, 33950
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For Sale
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Walgreens corporate-guaranteed property with a drive-thru pharmacy on a hard signalized corner.
Property Size15,930 SF
Price / SF$320
Days on Market5
Property Features for 3795 South Tamiami Trail
General Information
- Standard status
- Active
- Size
- 15,930 SF
- Property subtype
- Retail
Listing Agency
Marcus & Millichap
Listed by
Ricardo Esteves · License #FL SL-3402581
Source
Crexi
Added: Jul 13 Checked: Jul 17 at 3:00 am
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
Investment Insights
Based on property information with market context.
This For Sale Walgreens property features a drive-thru pharmacy and is offered with a long-term absolute NNN lease supported by a Walgreens corporate guarantee. The current lease term has more than 11 years remaining, and the initial term includes rare rental increases of 5% every five years, with additional increases in the option periods. The lease was recently executed, and the offering includes a fee simple interest.
The site is described as a hard signalized corner location, positioned along Tamiami Trail (U.S. 41) with proximity to Interstate-75 and regional connectivity throughout Southwest Florida. The property is adjacent to Twin Isles Country Club and is less than 20 miles from Downtown Fort Myers.
The property is located at 3795 South Tamiami Trail, Punta Gorda, FL 33950.
The site is described as a hard signalized corner location, positioned along Tamiami Trail (U.S. 41) with proximity to Interstate-75 and regional connectivity throughout Southwest Florida. The property is adjacent to Twin Isles Country Club and is less than 20 miles from Downtown Fort Myers.
The property is located at 3795 South Tamiami Trail, Punta Gorda, FL 33950.
Key Highlights
- Walgreens corporate guarantee on a long‑term absolute NNN lease with zero landlord responsibilities
- More than 11+ years remaining in the current lease term; recently executed lease
- Rare rental increases in initial term and option periods: 5% every five years
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $418.6k | $26.28 |
| − Vacancy | −$13.8k | −$0.87 |
| EGI | $404.8k | $25.41 |
| − OpEx | −$121.4k | −$7.62 |
| NOI | $283.4k | $17.79 |
15,930 SF · lease $26.28/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.05M
$3.54M – $4.72M
NOI $283,378 @ 7.0% cap · market cap 5.56%
Second Best
Specialty Retail
$3.04M
$2.66M – $3.55M
NOI $212,933 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$5.22M
$4.56M – $6.09M
NOI $365,116 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Walgreens
Pharmacy
Walgreens Photo
(Bike/Boat/Book/etc) Store
Walgreens Pharmacy
Pharmacy
Western Union
Bank
Blue Rhino Propane ...
Propane Supplier
Similar For Sale Nearby
Similar Off Market Nearby
- Anna Palchevskiy — 3795 Tamiami Trail, Punta Gorda, FL 339507900
- Daniel Rainey — 3795 Tamiami Trail, Punta Gorda, FL 339507900
- Walgreens Pharmacy — 3795 Tamiami Trl, Punta Gorda, FL 33950
FAQs
What type of property is this?
Drug store - Walgreens corporate-guaranteed property with a drive-thru pharmacy on a hard signalized corner.
Where is this drug store located?
The property is located at 3795 South Tamiami Trail Punta Gorda, FL.
What is the asking price?
The asking price for this property is $5,097,600.
What are key features of this property?
This property features: Walgreens corporate guarantee on a long‑term absolute NNN lease with zero landlord responsibilities; More than 11+ years remaining in the current lease term; recently executed lease; Rare rental increases in initial term and option periods: 5% every five years
