Investment Overview

Marcus & Millichap is pleased to exclusively present for sale this absolute net-leased Walgreens located at 3795 Tamiami Trail (U.S. 41) in Punta Gorda, Florida. Positioned along one of Southwest Florida’s principal commercial corridors, the property offers excellent visibility, convenient ingress/egress, and a prime location within a growing coastal market. The property features a ±15,930 square foot freestanding Walgreens with a drive thru and is situated on a ±1.43 acre parcel. Located in the heart of the Punta Gorda/Charlotte County trade area, the site benefits from its position adjacent to Twin Isles Country Club, surrounded by established neighborhoods and destination retail along U.S. 41. With immediate access to Interstate 75, the property provides regional connectivity to Fort Myers/Cape Coral, Sarasota, and Tampa Bay. The corridor features a diverse mix of national retailers— Publix, The Home Depot, AutoZone, Wells Fargo, and CVS, among others—reinforcing the location’s daily-needs orientation and steady consumer traffic. The trade area’s affluent demographics, with an average household income exceeding $115,885 within one mile, further underscore strong purchasing power and prescription demand. Walgreens executed a new 15-year, corporate-guaranteed absolute NNN lease that commenced February 23, 2023, with over 13 years of base term remaining. The lease provides for 5 percent rent increases every five (5) years and twelve (12) fiveyear renewal options, delivering long-term income stability and predictable growth. With zero landlord responsibilities, this offering represents an ideal passive investment opportunity backed by Walgreens’ corporate guarantee. Walgreens is a privately held American pharmacy store chain headquartered in Deerfield, Illinois. As one of the largest retail pharmacy operators in the United States, Walgreens maintains a strong national presence with more than 8,700 locations across all 50 states, the District of Columbia, Puerto Rico, and Guam. The company employs over 300,000 team members and serves millions of customers daily through its extensive network of retail stores, specialty and mail-service pharmacies, and healthcare service centers. Beyond its retail operations, Walgreens continues to expand its integrated healthcare strategy, managing worksite health centers, home care services, and digital pharmacy platforms, underscoring its leadership and stability in the healthcare sector.