4920 SE Abshier Blvd Belleview, FL 34420

The Walgreens property, located at 4920 SE Abshier Blvd, Belleview, FL 34420, is available for sale. The lease is structured as a double-net (NN) with minimal landlord responsibilities. In 2025, Walgreens waived its 2028 and 2033 termination options, extending the lease expiration to August 31, 2038. Walgreens is currently paying $16.02 per square foot, which aligns with market retail rents of $16–18 per square foot. The property is situated in an area with over 1,900 homes planned or under construction within a three-mile radius. Population growth has averaged approximately 4.5% per year since 2020, outpacing Ocala. The location is near The Villages, which is expanding and increasing regional housing and retail activity. A $71 million mixed-use project is proposed 2.5 miles southeast of the property. The plan includes a big-box retailer, a gas station, and 22,500 square feet of retail and restaurant space, with an estimated 400 jobs tied to the project. Walgreens operates until midnight, increasing late-hour traffic and supporting its ranking as the 3rd most-visited national drugstore chain within a 10-mile radius, with 316,000 annual visits per Placer.ai. The property size is 15,120 square feet.