Belleview, FL

• Walgreens is currently paying $16.02/psf, which is in line with current market retail rents of $16-18/psf.
• Open until midnight, capturing extended‑hour foot traffic which contributes to its ranking as the 3rd most‑visited national drugstore chain within a 10‑mile radius (316K annual visits per Placer.aI).
• In 2025, Walgreens waived its 2028 and 2033 termination options, extending the lease expiration to August 31, 2038.
• Rapid residential expansion with 1,900+ new homes planned or underway within 3 miles, supported by ~4.5% annual population growth since 2020—outpacing Ocala—and driven by proximity to The Villages (20 minutes south), a master‑planned retirement community with 140K residents.
• Located 2.5 SE of the property, a proposal for a major big‑box retailer, a gas station, and roughly 22,500 square feet of additional retail and restaurant space is underway. The development will create 400 jobs.

We are pleased to offer for sale the Walgreens property located at 4920 SE Abshier Blvd, Belleview, FL 34420 (the “Property”). The lease is structured as a double‑net (NN) with minimal landlord responsibilities, and in 2025, Walgreens waived its 2028 and 2033 termination options, extending the lease expiration to August 31, 2038.

Walgreens is currently paying $16.02 per square foot, which is in line with market retail rents of $16–18 per square foot. The Property is in an area with 1,900+ homes planned or underway within three miles. Population growth has averaged ~4.5% per year since 2020, outpacing Ocala. The location is near The Villages, which continues to expand and increase regional housing and retail activity.

A $71 million mixed‑use project is proposed 2.5 miles southeast of the Property. The plan includes a big‑box retailer, a gas station, and 22,500 square feet of retail and restaurant space, with an estimated 400 jobs tied to the project.

Walgreens operates until midnight, which increases late‑hour traffic and supports its ranking as the 3rd most‑visited national drugstore chain within a 10‑mile radius, with 316,000 annual visits per Placer.ai.