93 Us Hwy 27th S Avon Park, FL 33825-3334
- Retail space
- 14,949 SF
- 1.49 lot acres
Mar 12, 2025
Current Use by Public Records
- Retail space
Property Details for 93 Us Hwy 27th S
- Year built
- 2001
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.49 lot acres
- Property size
- 14,949 SF
- Zone code
- C2
- Property type
- Retail space
- APN
- A-22-33-28-010-0220-0050
- APU
- A22332801002200050
Description
This exceptional investment opportunity presents a 15,023-square-foot Walgreens located at 93 US Hwy 27 S, Avon Park, FL 33825. The property sits on a 1.54-acre lot and boasts a long-term, absolute NNN lease with Walgreens, commencing January 31, 2022, and expiring February 27, 2035, with 12 five-year renewal options. The current lease provides a strong net operating income (NOI) of $226,800, yielding a 7.00% cap rate on the $3,240,000 asking price. Rent increases of 5% every five years ensure consistent growth throughout the lease term. Built in 2002, this well-established location benefits from excellent visibility on a signalized corner with high daily traffic counts (44,036 VPD). The property's central Florida location offers easy access to a significant portion of the state's population (86% within a two-hour radius). The Avon Park Executive Airport is conveniently located nearby. This is a passive investment opportunity with no landlord responsibilities. All figures are estimates and should be verified during due diligence.
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
- Avon Park
- County
- Highlands
- State
- Florida
- Longitude
- -81.5139
- Latitude
- 27.5951
- CBSA code
- 42700
- CBSA name
- SEBRING, FL MICROPOLITAN STATISTICAL AREA
