Drug Store with
4020 N Lecanto Hwy Beverly Hills, FL 34465
4020 N Lecanto Hwy, Beverly Hills, FL, 34465
Contact for pricing
For Sale
Contact for pricing
Pending
Long-term absolute NNN lease with drive-through lane and periodic 5-year rent increases for the Walgreens tenant.
Days on Market103
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 Updated: Jul 21 at 8:02PM Checked: Jul 21 at 8:02PM
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
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
FedEx OnSite
Postal Service
Walgreens
Pharmacy
Blue Rhino Propane ...
Propane Supplier
Walgreens Pharmacy
Pharmacy
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FAQs
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
