93 Us Highway 27Avon Park, FL 33825

Property Details for 93 Us Highway 27

Year built

2001

Construction

CONCRETE BLOCKS

Lot size

1.49 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $6,422,533

  6.5%

  $5,928,492

  7%

  $5,505,028

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,722,766

  Geo Method

  $5,915,552

• Alternative Use

  Use

  Valuation

  Residential

  $5,000,904

  Hospitality

  $4,580,802

  Educational

  $3,811,173

  Medical

  $3,942,246

  Retail

  $5,928,492

Location Insight

City

Avon Park

County

Highlands

State

Florida

Latitude

27.5951

Longitude

-81.5139

CBSA code

42700

CBSA name

SEBRING, FL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].