Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a Walgreens Pharmacy located in St. Petersburg, FL (Tampa MSA). Walgreens has operated from this location for approximately 30 years and currently has nearly nine years remaining on the lease term with multiple five-year tenant renewal options. In addition, the roof was recently refurbished and includes a 15-year warranty. The lease is backed by corporate Walgreens, one of the largest drugstore chains in the nation, operating over 8,500 pharmacies across all states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. As of 2025, approximately 78 percent of the U.S. population resides within a five-mile radius of a Walgreens or Duane Reade Pharmacy. Adjacent to a busy Wawa convenience store, the property sits at a signalized intersection with a daily traffic count exceeding 73,000 vehicles. The property is also close to Interstate 275, linking the property to Downtown St. Petersburg and Downtown Tampa, with a daily traffic count of 158,000 vehicles. The subject property serves a population of over 134,000 within three miles and over 300,000 within five miles. Additionally, it is part of the Tampa Bay Metro Area, home to more than 3.2 million residents. Surrounding national brands include Wawa, Publix Supermarket, Aldi, Sam’s Club, Lowes, The Home Depot, Walmart Supercenter, Winn-Dixie, Pet Supermarket, Bealls, Dollar Tree, Office Depot, Kane’s Furniture, Advance Auto Parts, AutoZone, Tire Kingdom, Take 5 Oil Change, Speedway, T-Mobile, Cricket Wireless, Starbucks, Dunkin’, Hardee’s, Burger King, McDonalds, Subway, Denny’s, Bank of America, PNC Bank, Truist Bank, Days Inn by Wyndham, Holiday Inn, Quality Inn & Suites, Porche, BMW, Tesla, Nissan, Buick, Volkswagen, Jeep and many more.