4255 Commercial Way Spring Hill, FL 34606-2326

This exceptional investment opportunity presents a 15,038-square-foot Walgreens located at 4255 Commercial Way, Spring Hill, Florida 34606. The property boasts a long-term, absolute NNN lease with a highly creditworthy tenant, Walgreens, offering significant financial stability. The lease commenced January 31, 2022, and has a remaining term of 10.3 years, extending to February 27, 2035, with twelve 5-year renewal options. Rent increases of 5% every five years provide built-in growth potential. The property sits on a 1.74-acre lot and benefits from excellent visibility on Commercial Way, a major thoroughfare with an average daily traffic count of 42,332 vehicles. Its strategic location across from a Target and Publix-anchored center within the Tampa Bay MSA, a region with over 3.2 million residents, ensures consistent high traffic and customer flow. The property's strong performance is reflected in its 7.00% cap rate and a net operating income (NOI) of $299,140. Built in 1998, this well-established retail location offers a secure and lucrative investment opportunity with minimal landlord responsibilities. All figures are estimates and should be verified during due diligence.