Drive-Thru Walgreens
For Sale
Contact for pricing
3795 South Tamiami Trail, Punta Gorda, FL 33950
Walgreens corporate-guaranteed property with a drive-thru pharmacy on a hard signalized corner.
Property Size15,930 SF
Price / SF$320
Days on Market96
Property Features for 3795 South Tamiami Trail
General Information
Standard status
Active
Size
15,930 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$318,600
Additional Details
Highway Access
Yes
Building Details
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Marcus & Millichap
Listed By:
Ricardo Esteves · License #BK3402581
(786) 522-7054
Source:
Crexi
Added: Jul 13
Changed: Oct 5
Last Checked: Oct 14 at 11:48PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$283,378
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,667,560
$5.7M
Cap Rate 7%
$4,048,257
$4.0M
Cap Rate 9%
$3,148,644
$3.1M
Market Conditions
NOI Build-Up for 15,930 SF
Gross rent
$418.6K $26.28/SF
− Vacancy
−$13.8K −$0.87/SF
EGI
$404.8K $25.41/SF
− OpEx
−$121.4K −$7.62/SF
NOI
$283.4K $17.79/SF
Area
Charlotte County, FL
Vacancy
3.30%
Lease Rate
$26.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,667,560
Cap Rate 7%
$4,048,257
Cap Rate 9%
$3,148,644
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33950, FL
24,984
Population
16,748
Households
1.5
Avg Household Size
66
Median Age
36%
College-Educated
95%
High-School Grad
17.8 sq mi
ZIP Area
1,404
Density / Sq Mi
$74,484
Median Household Income
$46,032
Median Earnings
$1,192
Median Rent
$393,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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
Frequently Asked Questions
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
