Gulfport Walgreens Investment
5701 Gulfport Blvd S, Gulfport, FL 33707
NN Walgreens with 35+ years remaining on the lease.
Type:Retail
Property size:
14,725 SFPrice / SF:
$281/SF- Added:
- Mar 13, 2026
- Days on Market:
- 62
- Last Refresh:
- Mar 19 at 11:01 pm
Property Features for 5701 Gulfport Blvd S
General Information
- Standard status
- Active
- Size
- 14,725 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1996
Listing agent Cyril Bijaoui License #FL 3325796
Listing office Longstead at The Corcoran Group
Listing date Mar 13, 2026
Source Crexi
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 Longstead at The Corcoran Group
HighLights
- Long‑term lease with Walgreens through December 31, 2061, demonstrating a strong commitment.
- Double‑net (NN) lease with minimal landlord responsibilities (roof and structure only).
- Only Walgreens in Gulfport, serving as the community's anchor pharmacy.
- Guaranteed income stream with scheduled NOI increase to $267,400/year on January 1, 2036.
- Located at a signalized intersection with high traffic volume (15,700–17,500 vehicles per day).
- Drive‑through pharmacy on site.
Overview
This single-tenant, double-net (NN) Walgreens pharmacy is located at 5701 Gulfport Blvd S in Gulfport, FL. The property has a lease extended through December 31, 2061, executed in December 2025. The property is the only Walgreens in the City of Gulfport, serving as the community's anchor pharmacy for a trade area with a median age of 56.4 years within one mile. The building has a drive-through pharmacy on site. The property is located at the signalized intersection of Gulfport Blvd S and 58th Street S with approximately 15,700–17,500 vehicles per day. Landlord responsibilities are limited to roof and structure only. Tenant covers taxes, insurance, utilities, HVAC, and all interior repairs. The next earliest termination option is December 31, 2035, providing a minimum 10-year guaranteed income stream from lease signing. The property has a current NOI of $238,000 per year that will increase to $267,400 per year on January 1, 2036.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Drug stores
Similar Places Nearby
- Walgreens Pharmacy — 5701 Gulfport Blvd S, Gulfport, FL 33707
- COVID-19 Drive-Thru Testing at Walgreens — 5701 Gulfport Blvd S, Gulfport, FL 33707
- Edgar Adams — 5701 Gulfport Blvd S, Gulfport, FL 337074834
- Anthony Traylor, RPH — 5701 Gulfport Blvd S, Gulfport, FL 33707
- Josie O Products — 2608 53rd st s, gulfport, fl 33707
Location Insight
- Map
- Local Demand
- City
- Gulfport
- County
- Pinellas
- State
- Florida
- Longitude
- -82.711292
- Latitude
- 27.7486442
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - NN Walgreens with 35+ years remaining on the lease.
Where is this drug store located?
The property is located at 5701 Gulfport Blvd S Gulfport, FL.
What is the asking price?
The asking price for this property is $4,139,130.
What are key features of this property?
This property features: Long‑term lease with Walgreens through December 31, 2061, demonstrating a strong commitment.; Double‑net (NN) lease with minimal landlord responsibilities (roof and structure only).; Only Walgreens in Gulfport, serving as the community's anchor pharmacy.
