Walgreens NNN for Sale in Spring Hill, FL — $4,000,000 | 6.85% Cap
This Walgreens triple net lease property in Spring Hill, FL offers passive income investors BBB credit, 8.3-year lease through 2034, and $273,861 annual NOI at 6.85% cap rate with absolute NNN structure.
Retail | 6.85% CAP | 14,490 SqFt
Marketing description
SRS Real Estate Partners-SOFLO LLC The fee simple interest (land & building ownership) in an absolute NNN leased, drive-thru pharmacy equipped, freestanding, Walgreens investment property located in Spring Hill, Florida (Ta
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Investment Highlights
- ✅ BBB Investment-Grade Credit — Walgreens maintains strong credit providing institutional quality and 70-75% LTV financing.
- ✅ 8.3-Year Lease Security — Lease through 2034 provides long-term cash flow with minimal landlord duties.
- ✅ $273,861 Annual NOI (6.85% Cap) — Property delivers $22,822 monthly mailbox money creating truly passive income.
- ✅ Spring Hill, FL Market — Florida zero income tax preserves cash flow.
- ✅ Walgreens Brand Strength — Proven recession-resistant business model with long-term real estate commitment.
Property Details
| Metric |
Value |
| Price |
$4,000,000 |
| Cap Rate |
6.85% |
| Annual NOI |
$273,861 |
| Monthly Income |
$22,822 |
| Lease Remaining |
8.3 years |
| Tenant |
Walgreens (BBB) |
| Lease Type |
Absolute NNN |
| Location |
Spring Hill, FL |
Why Walgreens NNN Properties?
Walgreens triple net properties offer institutional-quality real estate with proven fundamentals including strong BBB credit rating providing major lender support at 70-75% LTV, absolute NNN lease structure creating true passive mailbox money, recession-resistant business model proven through economic cycles, and purpose-built locations with long-term value retention.
Spring Hill, FL Market Analysis
Florida zero income tax preserves cash flow. The Spring Hill market provides strong demographics, accessible retail corridors, and consumer demand supporting long-term Walgreens performance and NNN lease stability.
Absolute NNN Lease Structure
This property features absolute triple net lease where tenant pays all property taxes, insurance, maintenance, repairs, and utilities. Investor responsibility limited to mortgage payment (if financed) and collecting rent checks — truly passive income.
1031 Exchange Benefits
This Walgreens NNN property qualifies as like-kind replacement for 1031 exchange investors seeking to defer capital gains tax, simplify from active to passive real estate, eliminate landlord responsibilities, preserve wealth through institutional quality, and generate predictable income through 8.3-year lease term.
Financing Available
Walgreens’s BBB credit provides excellent financing options including 70-75% LTV from major banks, competitive interest rates, 25-30 year amortization, and non-recourse options for qualified borrowers.
Contact American Net Lease
We represent buyers only — your interests come first. Specializing in Walgreens NNN acquisitions nationwide.
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