2480 Us Highway 19 Holiday, FL 34691

Property Details for 2480 Us Highway 19

Year built

2009

Lot size

1.36 lot acres

Property size

12,723 SF

Property type

Retail properties

Property subtype

Drug stores

Description

This exceptional investment opportunity presents a fee-simple ownership of a Walgreens-occupied retail property located at 2480 US-19, Holiday, Florida 34691. The property boasts a 12,723 square foot building situated on a 1.36-acre lot, constructed in 2009. The property benefits from a corporate-guaranteed, absolute NNN lease with Walgreens Boots Alliance, Inc., providing significant financial stability and minimal landlord responsibilities. The lease has a remaining term of approximately 9.2 years, extending to April 30, 2034, and includes ten 5-year renewal options. The current annual net operating income (NOI) is $479,000, resulting in a compelling 6.75% cap rate. The property enjoys a prime location on a signalized intersection with high traffic counts, estimated at 64,500 vehicles per day on US-19 and nearly 9,000 vehicles per day on Darlington Road. Its strategic position is further enhanced by its proximity to Tampa (approximately 30 miles) and Clearwater (approximately 18 miles), benefiting from the substantial populations of these major Florida cities. This single-tenant, 100% occupied property offers a secure, long-term investment with a strong tenant and excellent location. The Pasco County property (APN: 30-26-16-0010-03900-0010) presents a rare opportunity for investors seeking a stable, high-return investment in a thriving market. The asking price is $7,096,296.