Pharma Property Group Brings to Market High Quality Walgreens 15 Year Florida Asset

The Walgreens located at 36515 State Rd 54 in Zephyrhills, FL has been exclusively listed by Pharma Property Group. The asset has a recently signed 15-year absolute net lease with 5% rental increases every 5 years during the initial term and option periods.

“The opportunity provides an investor to acquire a Florida Walgreens asset with a decade-plus of performance history, limited competition from nearby Walgreens stores, and a recent 15-year firm lease term commitment,” said Jason Pongsrikul, Managing Principal of Pharma Property Group.

“It is one of a handful of 15-year Walgreens in Florida currently for sale, and it is the best priced among the group. Additionally, it is located in the Tampa MSA, with over 950 homes currently under construction in the surrounding area. Walgreens, with significant lease term remaining, strong operating histories, and located in dense Florida markets rarely become available for sale, and we expect high activity on this listing,” stated Mr. Pongsrikul. 

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Pharma Property Group (PPG) has over $2.5 Billion in closing transaction experience and specializes in providing commercial real estate services to landlords who own properties occupied by Walgreens, CVS and Rite Aid.  Pharma Property Group is one of the top brokerage firms in the country in drugstore property closing volume and has an unparalleled drugstore marketing platform providing access to the largest pool of drugstore landlords in the nation.