Walgreens Absolute NNN Retail
For Sale
Contact for pricing
Pending
4255 Commercial Way, Spring Hill, FL 34606
A drive-through pharmacy occupies a prominent retail corridor location opposite a shopping center anchored by Target and Publix.
Property SizeContact for details
Days on Market142
Property Features for 4255 Commercial Way
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Traffic Count
42,232 vehicles/day
Building Details
Tenancy
Single
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 2:05PM
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 NNN retail property is occupied by Walgreens under an absolute NNN lease structure, placing landlord management and maintenance obligations with the tenant. The lease includes 5% rent increases at five-year intervals throughout the original term, along with 12 additional five-year renewal options if exercised. The site also includes a drive-through lane supporting customer service from vehicles.
The property is located at the intersection of Commercial Way and Lake in the Woods Drive in Spring Hill, within the Tampa Bay MSA. It faces Lakewood Plaza, a shopping center anchored by Target and Publix, and benefits from reported traffic of 42,232 VPD. Additional nearby national retailers include Home Depot, Lowe’s, Regions Bank, Aaron’s, PNC Bank, Firestone, Goodwill, and 7-Eleven. The site is approximately four miles from the Gulf of Mexico and 40 miles north of Tampa.
The property is located at the intersection of Commercial Way and Lake in the Woods Drive in Spring Hill, within the Tampa Bay MSA. It faces Lakewood Plaza, a shopping center anchored by Target and Publix, and benefits from reported traffic of 42,232 VPD. Additional nearby national retailers include Home Depot, Lowe’s, Regions Bank, Aaron’s, PNC Bank, Firestone, Goodwill, and 7-Eleven. The site is approximately four miles from the Gulf of Mexico and 40 miles north of Tampa.
Key Highlights
- Absolute NNN lease with no landlord management or maintenance responsibilities
- 5% rent increases every 5 years during the original term
- 12 five‑year renewal options if exercised
Property Analytics
Property Profile
Current Use
Lease Details
42,232 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
236k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Superstores 27%
Groceries 19%
Shops & Services 12%
Target
Superstores
64,939 visits/mo
0.3 miles
Publix
Groceries
36,202 visits/mo
0.2 miles
Steak 'n Shake
Dining
17,517 visits/mo
0.1 miles
Starbucks
Dining
15,276 visits/mo
0.4 miles
Staples
Office Supplies
12,281 visits/mo
0.1 miles
Demographics for 34606, FL
28,548
Population
14,009
Households
2
Avg Household Size
53
Median Age
20%
College-Educated
89%
High-School Grad
11.6 sq mi
ZIP Area
2,461
Density / Sq Mi
$54,730
Median Household Income
$33,778
Median Earnings
$1,192
Median Rent
$227,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - A drive-through pharmacy occupies a prominent retail corridor location opposite a shopping center anchored by Target and Publix.
Where is this nnn property located?
The property is located at 4255 Commercial Way Spring Hill, FL.
What are key features of this property?
This property features: Absolute NNN lease with no landlord management or maintenance responsibilities; 5% rent increases every 5 years during the original term; 12 five‑year renewal options if exercised
