You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
FOR LEASE
Drug stores

3917 N Nebraska Ave Tampa, FL 33603

16,644 SF 1.94 ac lot Built 2001
Entity Owned 3-yr Hold Free & Clear
Property ID
US18-3878012
Property summary
AI-generated overview

This exceptional 15,022 sq. ft. former Walgreens in Tampa, FL, presents a prime retail opportunity. Located at the highly visible intersection of Nebraska Avenue and Dr. Martin Luther King Jr. Boulevard, this property boasts a combined daily traffic count of 35,000 vehicles. The 1.94-acre lot offers ample parking (67 spaces) and excellent access from both major thoroughfares. The building itself features impressive 20-foot high ceilings, 35-foot column spacing, a covered drive-thru lane, and 3-phase power. It's also fully equipped with a fire sprinkler system. Currently undergoing a zoning change from Planned Development to Commercial General (CG), the site will have a "Retail Pharmacy" restriction, but most other retail commercial uses will be permitted. The building offers flexible space, ranging from 7,500 to 15,022 square feet. Initial estimated monthly rent, inclusive of base rate, CAM ($6.33), and sales tax, is projected at $20,756 for 7,500 sq. ft. and $41,573 for the full 15,022 sq. ft. The property's strategic location near I-275 and I-4 provides easy access to downtown Tampa and surrounding areas. This is a remarkable opportunity for a business seeking high visibility and convenient access in a thriving Tampa location.

Property profile
Verified
Property type Drug stores
Use group DRUG STORE, PHARMACY
Year built 2001
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 16,644 SF
Lot 1.94 ac (84,366 SF)
Zoning code PD
APN A0729194MCB00000000040
UPID US18-3878012
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
Current use
Occupant on record · Public records
  • Coinhub Bitcoin ATM Teller Atm
  • Vonzell Peoples Pharmacy
  • Thong Truong Pharmacy
  • TD Bank ATM Atm
  • COVID-19 Drive-Thru Testing at Walgreens Medical Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.21M
CAP Approach CAP
$3.05M
Comparable Approach Comparable
$2.31M
Blend (final) Blend
$2.30M
Owner & transaction history
Channelside Partners LLC · 3 yrs held
Channelside Partners LLC
since 2023
Last sale
$2.4M
1 recorded transaction
2023
$2.4M
Zoning & alternative use
PD · Tampa, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message