103 Indian Rocks RdBelleair Bluffs, FL 33770

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.