Gulfport Walgreens with Long-Term
For Sale
$3,966,667
5701 Gulfport BLVD S, Saint Petersburg, FL 33707
Single-tenant Walgreens with lease through 2061 in Gulfport, Florida.
Property SizeContact for details
Days on Market150
Property Features for 5701 Gulfport BLVD S
General Information
Standard status
Active
Property subtype
Commercial
Listing Agency:
Miami Beach
(786) 326-3774
Listed By:
Cyril Bijaoui · License #BK3325796
(786) 326-3774
Source:
Corcoran
Added: Mar 16
Changed: Jul 10
Last Checked: Aug 11 at 8:35AM
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 Miami Beach
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
566
Businesses Nearby
10k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
3,358 visits/mo
0.5 miles
Citgo
Shops & Services
3,312 visits/mo
0.5 miles
Regions Bank
Shops & Services
2,992 visits/mo
0.1 miles
Meineke Car Care Center
Shops & Services
672 visits/mo
0.5 miles
Demographics for 33707, FL
24,646
Population
16,579
Households
1.5
Avg Household Size
58
Median Age
40%
College-Educated
95%
High-School Grad
5.3 sq mi
ZIP Area
4,650
Density / Sq Mi
$68,560
Median Household Income
$45,513
Median Earnings
$1,512
Median Rent
$344,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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- Walgreens Pharmacy — 5701 Gulfport Blvd S, Gulfport, FL 33707
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Frequently Asked Questions
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 $3,966,667.
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.
