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    OFF-MARKET
    Retail properties & Spaces

    2480 Us-19, Holiday, FL 34691

    12,723 SF 1.36 ac lot Built 2009
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 2009
    Total area 12,723 SF
    Lot 1.36 ac (59,242 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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