103 Indian Rocks Rd Belleair Bluffs, FL 33770
- Retail space
- 15,100 SF
- 0.58 lot acres
Current Use by Public Records
- Retail space
Property Details for 103 Indian Rocks Rd
- Year built
- 2003
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.58 lot acres
- Property size
- 15,100 SF
- Property type
- Retail space
- APN
- 32-29-15-55350-011-0050
- APU
- 322915553500110050
Description
This exceptional investment opportunity presents a fee-simple, 14,490 square foot Walgreens located at 103 Indian Rocks Rd, Belleair Bluffs, FL 33770. The property boasts a prime location in the Tampa MSA, situated at a signalized intersection with high daily traffic volume (over 31,500 vehicles). Walgreens, a credit-rated tenant, occupies the entire building under an absolute NNN lease with a remaining term of approximately 3.8 years, expiring August 30, 2028, with renewal options. The lease commenced August 31, 2003, demonstrating a long-standing and successful tenancy. The property features 54 parking spaces and sits on a 1.68-acre lot. Built in 2003, this single-story building offers a strong net operating income (NOI) of $492,000, resulting in a 6.00% cap rate. The asking price is $8,200,000. This is a rare chance to acquire a fully occupied, low-maintenance retail property with significant upside potential in a high-demand area, offering investors a stable cash flow and minimal landlord responsibilities. The average household income within a 3-mile radius is $93,120. The property is zoned commercial and has a Pinellas County APN of 32-29-15-55350-011-0050. This is a truly exceptional opportunity for discerning investors seeking a secure and profitable addition to their portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Belleair Bluffs
- County
- Pinellas
- State
- Florida
- Longitude
- -82.8171
- Latitude
- 27.9158
- CBSA code
- 45300
- CBSA name
- TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA
