Investment Overview

Marcus & Millichap is pleased to exclusively present for sale absolute net-leased Walgreens located at 3795 Tamiami Trail (U.S. 41) in Punta Gorda, Florida, a rapidly growing community within the Cape Coral–Fort Myers Metropolitan Statistical Area. Positioned along one of Southwest Florida’s primary commercial corridors, the Property benefits from outstanding visibility, convenient ingress/egress, and exceptional exposure to daily commuter and destination traffic. The Property consists of a freestanding ±15,930-square-foot Walgreens with a Drive-Thru situated on an approximately 1.43-acre parcel. Located in the heart of the Punta Gorda/Charlotte County trade area, the Property is adjacent to Twin Isles Country Club and surrounded by well-established residential communities that continue to drive long-term consumer demand. Immediate access to Interstate 75 provides exceptional regional connectivity throughout Southwest Florida, including Fort Myers, Cape Coral, Sarasota, and the Tampa Bay region. The surrounding retail corridor is anchored by numerous national retailers including Publix, The Home Depot, AutoZone, Wells Fargo, CVS, and numerous others, reinforcing the area’s position as a dominant destination for daily-needs shopping. Additionally, the immediate trade area benefits from affluent demographics, with average household incomes exceeding $115,885 within a onemile radius, supporting strong consumer spending and long-term prescription demand. Walgreens recently executed a new 15-year absolute NNN lease, reaffirming its long-term commitment to this location. The lease commenced on February 23, 2023, and provides investors with more than 13 years of remaining base term. Rental income increases by 5% every five years throughout both the initial term and all twelve five-year renewal options, providing builtin income growth and long-term cash flow. With zero landlord responsibilities and a corporate guarantee, the Property offers an exceptional passive investment opportunity backed by Walgreens’ corporate guarantee. Walgreens is one of the largest pharmacy and retail healthcare providers in the United States, operating more than 8,700 locations across all 50 states and Puerto Rico. Each day, the company serves millions of customers and patients through an integrated pharmacy and retail platform that combines in-store healthcare services with digital and omnichannel capabilities. In 2025, Walgreens was taken private by Sycamore Partners, alongside longtime investor Stefano Pessina and family, positioning the company to execute long-term strategic initiatives outside the public markets.