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5701 Gulfport Blvd S Saint Petersburg, FL 33707

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For Sale
$4,139,130

Single-tenant Walgreens with lease through 2061 in Gulfport, Florida.

Property Features for 5701 Gulfport Blvd S

General Information

Standard status
Active

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Listing Contact
Cyril Bijaoui
Cyril Bijaoui
Source: Corcoran

Listing Agency: Miami Beach Listing Agent: Cyril Bijaoui

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Gulfport Walgreens with Long-Term Lease

This single-tenant, double-net (NN) Walgreens pharmacy is located at the signalized intersection of Gulfport Blvd S and 58th Street S in Gulfport, FL, with approximately 15,700–17,500 vehicles passing the location daily. The property serves as the community's anchor pharmacy for a trade area with a median age of 56.4 years within one mile. The lease extends through December 31, 2061, and was executed in December 2025. The property includes a drive-through pharmacy. 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 current net operating income (NOI) is $238,000 per year, with an automatic increase to $267,400 per year on January 1, 2036.
Location Intelligence

Current Use by Public Records

Walgreens Photo (Bike/Boat/Book/etc) Store Walgreens Pharmacy FedEx OnSite Postal Service Walgreens Pharmacy Pharmacy COVID-19 Drive-Thru Testing ... Pharmacy

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Walgreens Pharmacy, COVID-19 Drive-Thru Testing at Walgreens, Edgar Adams, Anthony Traylor, RPH, Josie O Products

Location Insight

  • Map
  • Local Demand
City
Saint Petersburg
County
Pinellas
State
Florida
Longitude
-82.711292
Latitude
27.7486442

FAQs

What type of property is this?
Drug store - Single-tenant Walgreens with lease through 2061 in Gulfport, Florida.
Where is this drug store located?
The property is located at 5701 Gulfport Blvd S Saint Petersburg, 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 structure limits landlord responsibilities to roof and structure only.; - Scheduled NOI increase to $267,400/year on January 1, 2036, requiring no negotiation or capital expenditure.
More about this property
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