680 Burleigh Blvd Tavares, FL 32778

This exceptional investment opportunity presents a fee-simple ownership of a 14,723-square-foot Walgreens drugstore situated on a 1.9-acre lot at 680 E Burleigh Blvd, Tavares, FL 32778. The property boasts a 15-year absolute triple-net (NNN) lease with Walgreens, commencing August 28, 2024, and expiring August 31, 2039. This provides a substantial remaining lease term of approximately 14.8 years. The current annual net operating income (NOI) stands at $311,220, yielding a compelling 6.00% capitalization rate. The lease includes a highly favorable structure with rental increases of 5% every five years, a rarity in the Walgreens and CVS market. The lease is further secured by a corporate guarantee from Walgreens, a publicly traded Fortune 500 company, ensuring financial stability and minimizing landlord responsibilities. Built in 2009, this property offers a secure, long-term investment with a strong tenant and exceptional lease terms. The property's location in Tavares, Lake County, Florida, provides excellent visibility and accessibility within a thriving community. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term growth potential. The property is 100% occupied.